37 chapters · 1,636 sections in this title.
A.R.S. § 48-5162 Bond authority
1.1K chars
Subject to this article the board may: 1. Issue negotiable bonds in a principal amount that, in the opinion of the board, is necessary to provide sufficient monies for any public transportation purpose that is included in the regional public transportation system plan, to establi…
A.R.S. § 48-5163 Bond requirements
0.9K chars
The bonds authorized by this article shall: 1. Be authorized by resolution of the board. 2. Bear such date or dates and shall mature at such time or times as the resolution or resolutions may provide. 3. If the transportation excise tax has a final termination date, mature at or …
A.R.S. § 48-5164 Bond payment; security
1.6K chars
In connection with the issuance of the bonds authorized by this article to secure the payment of the bonds and interest on the bonds, the board by resolution may: 1. Provide that bonds issued under this article may be secured by a first lien on all or any part of the monies paid …
A.R.S. § 48-5165 Pledges; liens
0.8K chars
A. A pledge made pursuant to this article is valid and binding from the time when the pledge is made. The monies pledged pursuant to this article and placed in a bond account of the public transportation fund are immediately subject to the lien of the pledge without any future ph…