State Codes and Statutes

Statutes > Arizona > Title48 > 48-2794

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.

State Codes and Statutes

Statutes > Arizona > Title48 > 48-2794

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.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title48 > 48-2794

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.