There is a newer version of the Arizona Revised Statutes
2013 Arizona Revised Statutes
Title 9 - Cities and Towns
§ 9-408 Home equity conversion program; authorization; use of proceeds
AZ Rev Stat § 9-408 (through 1st Reg Sess 51st Leg. 2013) What's This?
9-408. Home equity conversion program; authorization; use of proceeds
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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