Arizona § 28-7566 Bond purchase

Arizona Statutes

§ 28-7566 — Bond purchase

Arizona § 28-7566

Title 28Arizona Revised Statutes

Ch. 21STATE HIGHWAY FINANCING AND BONDING

Art. 2Regional Area Road Fund Bonds

This text of Arizona § 28-7566 (Bond purchase) 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. § 28-7566 (2026).

Text

The board may purchase bonds authorized by this article out of any monies available, and these bonds may then be canceled, at a price of not more than either of the following:

1.If the bonds are then redeemable, the price then applicable plus accrued interest to the next interest payment date on the bonds.

2.If the bonds are not then redeemable, the redemption price applicable on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.

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The board may purchase bonds authorized by this article out of any monies available, and these bonds may then be canceled, at a price of not more than either of the following:

1. If the bonds are then redeemable, the price then applicable plus accrued interest to the next interest payment date on the bonds.

2. If the bonds are not then redeemable, the redemption price applicable on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.