Arizona § 48-3167 Agreement by board to guarantee payment of converted liens

Arizona Statutes

§ 48-3167 — Agreement by board to guarantee payment of converted liens

Arizona § 48-3167

Title 48Arizona Revised Statutes

Ch. 19IRRIGATION AND WATER CONSERVATION DISTRICTS

Art. 9District Assessments

This text of Arizona § 48-3167 (Agreement by board to guarantee payment of converted liens) 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. § 48-3167 (2026).

Text

The board of directors may enter into an agreement guaranteeing payment of the principal, any installment thereof, and interest thereon of converted liens as a district obligation. The agreement shall be in such form and tenor as may be approved by a two-thirds vote of the board of directors, and when so approved and executed shall thereafter be binding upon the district and irrevocable without consent of the parties thereto.

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The board of directors may enter into an agreement guaranteeing payment of the principal, any installment thereof, and interest thereon of converted liens as a district obligation. The agreement shall be in such form and tenor as may be approved by a two-thirds vote of the board of directors, and when so approved and executed shall thereafter be binding upon the district and irrevocable without consent of the parties thereto.