Lease-to-own amount; expiration

A.R.S. § 41-5705 — under School Facilities.

A.R.S. § 41-5705

A. In order to fulfill the requirements of section 41-5741, the board may enter into lease-to-own transactions for up to a maximum of $200,000,000 in any fiscal year.

B. The board shall not enter into lease-to-own transactions, including any refinancings or refundings, pursuant to this section from and after May 15, 2006.