Arizona § 48-2011.03 Issuance of bonds; notice; hearing

Arizona Statutes

§ 48-2011.03 — Issuance of bonds; notice; hearing

Arizona § 48-2011.03

Title 48Arizona Revised Statutes

Ch. 14SANITARY DISTRICTS

Art. 1In General

This text of Arizona § 48-2011.03 (Issuance of bonds; notice; hearing) 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. § 48-2011.03 (2026).

Text

Notwithstanding any other law, a sanitary district may issue bonds that refinance existing debt and that mature over a period of forty-one years only if the sanitary district complies with both of the following before issuance of the bonds:

1.The new bonds do not cause an increase in the sanitary district's bonding capacity.

2.The sanitary district's board of directors holds a public hearing regarding the issuance of the bonds. The sanitary district's board of directors shall provide public notice of the hearing as otherwise prescribed by law.

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Notwithstanding any other law, a sanitary district may issue bonds that refinance existing debt and that mature over a period of forty-one years only if the sanitary district complies with both of the following before issuance of the bonds:

1. The new bonds do not cause an increase in the sanitary district's bonding capacity.

2. The sanitary district's board of directors holds a public hearing regarding the issuance of the bonds. The sanitary district's board of directors shall provide public notice of the hearing as otherwise prescribed by law.