Arizona § 48-5163 Bond requirements

Arizona Statutes

§ 48-5163 — Bond requirements

Arizona § 48-5163

Title 48Arizona Revised Statutes

Ch. 29REGIONAL PUBLIC TRANSPORTATION AUTHORITY

Art. 4Financing

This text of Arizona § 48-5163 (Bond requirements) 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. § 48-5163 (2026).

Text

The bonds authorized by this article shall:

1.Be authorized by resolution of the board.

2.Bear such date or dates and shall mature at such time or times as the resolution or resolutions may provide.

3.If the transportation excise tax has a final termination date, mature at or before the final termination date.

4.Bear interest at such rate or rates, whether fixed or variable, be in such denominations, be in such form, be executed in such manner, be payable in such medium of payment at the office of the fiscal agent or at such other place or places and be subject to such terms of redemption as the resolution or resolutions may provide.

5.Be sold at public or private sale at the price and on the terms the board determines, except that bonds to fund or refund other bonds may be eithe

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The bonds authorized by this article shall:

1. Be authorized by resolution of the board.

2. Bear such date or dates and shall mature at such time or times as the resolution or resolutions may provide.

3. If the transportation excise tax has a final termination date, mature at or before the final termination date.

4. Bear interest at such rate or rates, whether fixed or variable, be in such denominations, be in such form, be executed in such manner, be payable in such medium of payment at the office of the fiscal agent or at such other place or places and be subject to such terms of redemption as the resolution or resolutions may provide.

5. Be sold at public or private sale at the price and on the terms the board determines, except that bonds to fund or refund other bonds may be either sold or exchanged with the holders of bonds being funded or refunded on terms the board determines.