Arizona Revised Statutes Title 9. Cities and Towns § 9-624. Request for state lease purchase

A. The chief financial officer may file a notice with the director of the department of administration requesting this state to undertake lease purchase financing in connection with an eligible project pursuant to § 41-791.04. The notice shall include a detailed description of the part of the eligible project that the state is requested to lease purchase.

B. The department of administration shall promptly respond to the proposal in the manner prescribed by § 41-791.04.

C. If a notice is filed and the lease purchase financing is completed pursuant to this section, no distributions shall be made by the state treasurer pursuant to § 9-602 to the eligible city for the eligible project.