Arizona § 5-1469 Bond purchase for cancellation

Arizona Statutes

§ 5-1469 — Bond purchase for cancellation

Arizona·Title 5 Arizona Revised Statutes·Ch. 12 SOUTHERN ARIZONA SPORTS, TOURISM AND FILM AUTHORITY·Art. 3 Revenue Bonds

The board may purchase bonds for cancellation, using any available monies, at a price of not more than the following:

1.If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest payment date.

2.If the bonds are not redeemable at the time of purchase, the applicable redemption price on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.

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The board may purchase bonds for cancellation, using any available monies, at a price of not more than the following:

1. If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest payment date.

2. If the bonds are not redeemable at the time of purchase, the applicable redemption price on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.

Arizona § 5-1469 (Bond purchase for cancellation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.