Arizona Statutes
§ 40-1138 — Limitation on indebtedness
Arizona·Title 40 Arizona Revised Statutes·Ch. 6 URBAN MASS TRANSPORTATION SYSTEMS·Art. 4 Financing for Metropolitan Public Transit Authority
An authority shall not incur an indebtedness which exceeds one million dollars. As used in this section, "indebtedness" includes, without limitation, any and all forms thereof which an authority is authorized to incur by this article or by any other law.
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Definitions