2005 Arizona Revised Statutes - Revised Statutes §30-225  Hearings before state certification board

A. Any person holding an original agreement or proposal made between himself and the authority relating to or concerning the handling, sale, control or disposition of a proposed issue of bonds or who has previously made an offer or bid in good faith for the purchase of the bonds pursuant to and in accordance with a published invitation for bids by the authority, and any distributor or distributors holding contracts for electric power service to be directly served over a proposed transmission line or by means of any other proposed facility who have previously filed an appearance with the state certification board setting forth a special interest as defined by this article, in the hearing, not less than ten days prior to the date fixed for the hearing, may qualify to be heard.

B. If the state certification board finds that the record offered in support of the requisition submitted sustains the requisition and that all requirements and conditions precedent have been fulfilled, it shall approve the bond requisition either in whole or in part, or shall otherwise disapprove the bond issue as a whole or as to such features or proposals as do not meet essential requirements. When the board has made and entered its findings, decision shall be made accordingly. The rejection of any document or report or the contents thereof or the rejection of an entire requisition shall not preclude filing amended requisitions, documents, reports, statistics, plans, maps or other records or the subsequent consideration of any amended or altered bond proposal.

C. The decision of the state certification board based on findings of fact supported by a preponderance of the evidence and which are not arbitrary or unreasonable shall be final and conclusive.