Home/Arizona/Statutes/Title 48: Arizona Revised Statutes/Ch. 18: DRAINAGE AND FLOOD PROTECTION DISTRICTS/Art. 8: Refunding District Indebtedness/§ 48-2778
Arizona Statutes

§ 48-2778 — Unlawful sale or exchange of refunding bonds

Arizona § 48-2778
JurisdictionArizona
Title 48Arizona Revised Statutes
Ch. 18DRAINAGE AND FLOOD PROTECTION DISTRICTS
Art. 8Refunding District Indebtedness

This text of Arizona § 48-2778 (Unlawful sale or exchange of refunding 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. § 48-2778 (2026).

Text

It is unlawful for the board of directors to sell or exchange any refunding bonds for less than ninety-five per cent of their par value.

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Nearby Sections

15
§ 48-1001
Fund transfers; successive levies excused
§ 48-1002
Complete procedure
§ 48-1003
Court proceedings and sale of delinquent property
§ 48-1004
Limitation
§ 48-101
State certification board
§ 48-1011
Definitions
§ 48-1012
Elected board of directors; initial members; qualifications; terms; filling vacancy; chairperson; reorganization; qualifications of electors
§ 48-1013
Compensation; expenses
§ 48-1014
Powers and duties of an elected or appointed board of directors
§ 48-1015
Financial transactions of elected board of directors; review; veto authority
§ 48-1016
Revocation of authority of elected board of directors
§ 48-1017
Reimbursement for county services
§ 48-1018
Conversion of county improvement district to domestic water improvement district or domestic wastewater improvement district; notice; costs
§ 48-1019
Drinking water facility and wastewater facility projects; financial assistance loan repayment agreements; definition
§ 48-102
Findings of state certification board
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Bluebook (online)
Arizona § 48-2778, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/48-2778.