Arizona § 48-3206 Payment of bonds and interest

Arizona Statutes

§ 48-3206 — Payment of bonds and interest

Arizona § 48-3206

Title 48Arizona Revised Statutes

Ch. 19IRRIGATION AND WATER CONSERVATION DISTRICTS

Art. 10District Bonds

This text of Arizona § 48-3206 (Payment of bonds and interest) 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. § 48-3206 (2026).

Text

A.The bonds and the interest thereon shall be paid by revenue derived from an annual assessment and levy of taxes upon the real property of the district, and the real property of the district shall be liable to taxation for such payments.

B.Any parcel of land in the district, upon payment made at any time before maturity of such bonds of that proportion of the bonded indebtedness of the district which the acreage of the parcel of land bears to the total bonded acreage of the district, together with interest on such amount up to the next following interest-paying day, shall be released and discharged from the further levy of taxes for payment of the principal and interest of the bonds of the district then outstanding, except as otherwise provided for a tax levy in event of default at mat

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A. The bonds and the interest thereon shall be paid by revenue derived from an annual assessment and levy of taxes upon the real property of the district, and the real property of the district shall be liable to taxation for such payments.

B. Any parcel of land in the district, upon payment made at any time before maturity of such bonds of that proportion of the bonded indebtedness of the district which the acreage of the parcel of land bears to the total bonded acreage of the district, together with interest on such amount up to the next following interest-paying day, shall be released and discharged from the further levy of taxes for payment of the principal and interest of the bonds of the district then outstanding, except as otherwise provided for a tax levy in event of default at maturity of bonds.