2005 Arizona Revised Statutes - Revised Statutes §41-3014.06  Water infrastructure finance authority; termination July 1, 2014

A. The water infrastructure finance authority terminates on July 1, 2014.

B. Sections 49-1201 through 49-1204, 49-1224 through 49-1226, 49-1244, 49-1245, 49-1246 and 49-1261 through 49-1268 are repealed on January 1, 2015, if the authority:

1. Has no outstanding contractual obligations with the United States or any United States agency.

2. Has no debts, obligations or guarantees that were issued for the purposes of title 49, chapter 8.

3. Has otherwise provided for paying or retiring such debts or obligations.

C. If any debt or obligation listed in subsection B of this section exists and no satisfactory provision has been made to pay or retire the debt or obligation, the authority and statutes shall continue in existence until the debt or obligation is fully satisfied.