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2017 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-2794 Authority to reduce bonded indebtedness
Universal Citation: AZ Rev Stat § 48-2794 (2017)
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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