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10 chapters · 288 sections in this title.
A.R.S. § 35-467 Definitions
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In this article, unless the context otherwise requires: 1. "City" means a city or town incorporated under the laws of this state. 2. "Fiscal year" means the period commencing on July 1 of any year and terminating on June 30 of the next succeeding year. 3. "Governing body" means t…
A.R.S. § 35-467.01 Revenue anticipation notes
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After a taxing district has adopted a budget for the fiscal year as provided by law and the governing body determines that the revenues to be received by the district will not be received in time to pay the district's projected expenses as set forth in the budget, the governing b…
A.R.S. § 35-467.02 Form of notes; definition
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Revenue anticipation notes may be issued in one or more series, bear such dates, be in such denomination or denominations, mature on any date or dates occurring on or before the last day of the fiscal year, mature in such amount or amounts, bear interest at such rate or rates, be…
A.R.S. § 35-467.03 Limitations on issuance of notes
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The amount of revenue anticipation notes issued by a taxing district in any fiscal year shall not exceed fifty per cent of the aggregate of all uncollected revenues estimated to be received by the district in the fiscal year as shown by the budget. Such revenues shall be limited …