Arizona § 48-2850 Description of improvement bonds in resolution and notices

Arizona Statutes

§ 48-2850 — Description of improvement bonds in resolution and notices

Arizona § 48-2850

Title 48Arizona Revised Statutes

Ch. 18DRAINAGE AND FLOOD PROTECTION DISTRICTS

Art. 11Financing Flood Protection Facilities

This text of Arizona § 48-2850 (Description of improvement bonds in resolution and notices) 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. § 48-2850 (2026).

Text

A.If the board determines that improvement bonds shall be issued, it shall state this in the resolution of intention for the work and shall specify the maximum rate of interest the bonds may bear. A similar description of the bonds shall be inserted in all notices of the proceedings required to be published, posted or mailed and a notice that the bonds will be paid from a special fund collected in not more than forty annual installments from the assessments remaining unpaid at the date of the issuance of the bonds or thirty days after the date of the warrant, or five days after the decision of the board on an objection to the assessment.

B.All other proceedings for the work up to and including the approval of the assessment by the board, including demand for payment of the several asses

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A. If the board determines that improvement bonds shall be issued, it shall state this in the resolution of intention for the work and shall specify the maximum rate of interest the bonds may bear. A similar description of the bonds shall be inserted in all notices of the proceedings required to be published, posted or mailed and a notice that the bonds will be paid from a special fund collected in not more than forty annual installments from the assessments remaining unpaid at the date of the issuance of the bonds or thirty days after the date of the warrant, or five days after the decision of the board on an objection to the assessment.

B. All other proceedings for the work up to and including the approval of the assessment by the board, including demand for payment of the several assessments and the return and recording, shall be conducted as provided in this article.