Arizona § 15-1023 Issuance of bonds

Arizona Statutes

§ 15-1023 — Issuance of bonds

Arizona § 15-1023

Title 15Arizona Revised Statutes

Ch. 9SCHOOL DISTRICT BUDGETING AND FINANCIAL ASSISTANCE

Art. 7Bond Issues and Bonded Indebtedness

This text of Arizona § 15-1023 (Issuance of bonds) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 15-1023 (2026).

Text

A.Upon receipt of the certificate of the appropriate election officer as provided in section 15-493 that a majority of votes cast at the bond election favors issuing the bonds, the school district governing board shall issue the bonds of the school district in the number and amount provided in the proceedings, payable from the debt service fund of the school district, naming the fund, and the monies shall be raised by taxation upon the taxable property in the school district for redemption of the bonds and payment of interest thereon.

B.The governing board of the school district by an order entered upon its minutes shall prescribe the form of the bonds and the interest coupons attached thereto and fix the time when the whole or any part of the principal of the bonds is payable, which sh

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A. Upon receipt of the certificate of the appropriate election officer as provided in section 15-493 that a majority of votes cast at the bond election favors issuing the bonds, the school district governing board shall issue the bonds of the school district in the number and amount provided in the proceedings, payable from the debt service fund of the school district, naming the fund, and the monies shall be raised by taxation upon the taxable property in the school district for redemption of the bonds and payment of interest thereon.

B. The governing board of the school district by an order entered upon its minutes shall prescribe the form of the bonds and the interest coupons attached thereto and fix the time when the whole or any part of the principal of the bonds is payable, which shall not be more than twenty years from the date thereof.