Arizona § 9-408 Home equity conversion program; authorization; use of proceeds

Arizona Statutes

§ 9-408 — Home equity conversion program; authorization; use of proceeds

Arizona·Title 9 Arizona Revised Statutes·Ch. 4 GENERAL POWERS·Art. 1 Purchase, Sale or Lease of Property

A.A city or town, by ordinance, may offer a home equity conversion program for persons sixty years of age or older.

B.A city or town shall use any monies obtained from a home equity conversion program, after payment of all costs and expenses, on programs for senior citizens.

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