2005 Arizona Revised Statutes - Revised Statutes §15-1682.02 Indirect debt financing
The board may secure indirect debt financing for any project if the following conditions are met:
1. The term of the indirect debt financing does not exceed the earlier of forty years or the useful life of the capital improvements.
2. The project for which indirect debt financing is secured is reviewed by the joint committee on capital review. Private entities are not required to divulge proprietary information to the committee for review.
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