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2017 Arizona Revised Statutes
Title 45 - Waters
§ 45-1992 Prerequisites to issuance
Universal Citation: AZ Rev Stat § 45-1992 (2017)
45-1992. Prerequisites to issuance
No revenue bonds may be issued until provision is made by contracts pursuant to this chapter adequate in the judgment of the board to ensure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility involved and within the time fixed. Revenue bonds shall not be issued except on resolution by the authority.
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