Arizona § 49-1313 Agreement of state

Arizona Statutes

§ 49-1313 — Agreement of state

Arizona § 49-1313

Title 49Arizona Revised Statutes

Ch. 8WATER INFRASTRUCTURE FINANCE PROGRAM

Art. 4Long-Term Water Augmentation Fund

This text of Arizona § 49-1313 (Agreement of state) 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. § 49-1313 (2026).

Text

A.This state pledges to and agrees with the holders of the long-term water augmentation bonds that this state will not limit or alter the rights vested in the authority or any successor agency to collect the monies necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the long-term water augmentation bonds, or in any way impair the rights and remedies of the bondholders, until all long-term water augmentation bonds issued under this article, together with interest accrued thereon, and including interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders, are fully met and discharged.

B.The board as agent for this state may include this pledge

Free access — add to your briefcase to read the full text and ask questions with AI

A. This state pledges to and agrees with the holders of the long-term water augmentation bonds that this state will not limit or alter the rights vested in the authority or any successor agency to collect the monies necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the long-term water augmentation bonds, or in any way impair the rights and remedies of the bondholders, until all long-term water augmentation bonds issued under this article, together with interest accrued thereon, and including interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders, are fully met and discharged.

B. The board as agent for this state may include this pledge and undertaking in its resolutions and indentures securing its long-term water augmentation bonds.