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2017 Arizona Revised Statutes
Title 35 - Public Finances
§ 35-465.03 Limitations on issuance of notes
Universal Citation: AZ Rev Stat § 35-465.03 (2017)
35-465.03. Limitations on issuance of notes
The amount of such notes issued by such taxing district in any fiscal year shall not exceed ninety per cent of the aggregate of all uncollected taxes estimated to be received by the district for the fiscal year as shown by the current budget.
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