There Is a Newer Version of the Arizona Revised Statutes
  1. 2025 Arizona Rev. Stat.
  2. 2024 Arizona Rev. Stat.
  3. 2023 Arizona Rev. Stat.
  4. 2012 Arizona Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2012 Arizona Revised Statutes
Title 48 Special Taxing Districts
48-3255 Partial payment of bonds and interest

Universal Citation:
AZ Rev Stat § 48-3255 (through 2nd Reg Sess. 50th Leg. 2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

48-3255. Partial payment of bonds and interest

Upon granting the petition and during the retention of jurisdiction by the committee, if there are in the district treasury at any time funds available for the payment of bonds or interest thereon, but such amount is not sufficient to pay all outstanding bonds, interest coupons, or both, then due, the funds shall be held until they amount to at least twenty per cent of the total due on all outstanding bonds and coupons and shall then be apportioned and paid to the holders of the bonds which are then on deposit with the state treasurer.

Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.