There is a newer version of the Arizona Revised Statutes
2013 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-6680 Payment of bonds
AZ Rev Stat § 48-6680 (through 1st Reg Sess 51st Leg. 2013) What's This?
48-6680. Payment of bonds
(Conditionally Rpld. Delayed Rpld.)
A. The bonds shall be paid solely from monies in the debt service account.
B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The fiscal agent of the district shall cancel all bonds when paid.
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