Arizona Statutes
§ 48-3214 — Powers of district
Arizona·Title 48 Arizona Revised Statutes·Ch. 19 IRRIGATION AND WATER CONSERVATION DISTRICTS·Art. 10. Revenue Bonds
In exercising the powers granted or permitted by law, the district may:
1.Issue its bonds to finance all or part of the costs of any undertaking.
2.Pledge to the punctual payment of the bonds and interest thereon the revenue of the district, or any part thereof, or all or any part of the revenue from the undertaking, including improvements or extensions thereafter constructed or acquired, sufficient to pay the bonds and interest as they become due, and to create and maintain reasonable reserves therefor. The board of directors, in determining the cost of the undertaking, may include all costs and estimated costs of the issuance of the bonds, all engineering, inspection, fiscal and legal expenses, and interest which it is estimated will accrue on money borrowed or which will be borrowed
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Nearby Sections
15
§ 48-1002
Complete procedure§ 48-1004
Limitation§ 48-101
State certification board§ 48-1011
Definitions§ 48-1013
Compensation; expenses§ 48-1017
Reimbursement for county services