Arizona § 48-4912 Prerequisites to issuance

Arizona Statutes

§ 48-4912 — Prerequisites to issuance

Arizona § 48-4912

Title 48Arizona Revised Statutes

Ch. 28ACTIVE MANAGEMENT AREA WATER DISTRICT

Art. 5Revenue Bonds

This text of Arizona § 48-4912 (Prerequisites to issuance) 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. § 48-4912 (2026).

Text

No revenue bonds may be issued until provision is made by contracts pursuant to this chapter adequate in the judgment of the board to ensure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility involved and within the time fixed. Revenue bonds shall not be issued except on resolution by the district.

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No revenue bonds may be issued until provision is made by contracts pursuant to this chapter adequate in the judgment of the board to ensure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility involved and within the time fixed. Revenue bonds shall not be issued except on resolution by the district.