Arizona § 35-468.06 Bonds as obligation of political subdivision

Arizona Statutes

§ 35-468.06 — Bonds as obligation of political subdivision

Arizona § 35-468.06

Title 35Arizona Revised Statutes

Ch. 3PUBLIC INDEBTEDNESS

Art. 3.Bonds Secured by Water Transportation Revenues

This text of Arizona § 35-468.06 (Bonds as obligation of political subdivision) 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. § 35-468.06 (2026).

Text

Bonds issued under this article are obligations of the issuing political subdivision, are payable only according to their terms and are not general, special or other obligations of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. Payment of the bonds is not enforceable out of any state monies other than the revenue pledged and assigned to, or in trust for the benefit of, the holders of the bonds.

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Bonds issued under this article are obligations of the issuing political subdivision, are payable only according to their terms and are not general, special or other obligations of this state. The bonds do not constitute a legal debt of this state and are not enforceable against this state. Payment of the bonds is not enforceable out of any state monies other than the revenue pledged and assigned to, or in trust for the benefit of, the holders of the bonds.