There is a newer version of the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 48 Special Taxing Districts
48-2794 Authority to reduce bonded indebtedness
AZ Rev Stat § 48-2794 (through 2nd Reg Sess. 50th Leg. 2012) What's This?
48-2794. Authority to reduce bonded indebtedness
When the board of directors determines that the authorized bonded indebtedness of the district is greater than the district will require to complete its system as planned, the board may call a special election for the purpose of voting upon a proposal to reduce the bonded indebtedness to an amount the board determines sufficient for such purpose.
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