37 chapters · 1,636 sections in this title.
A.R.S. § 48-2216 Sale of bonds; disposition of proceeds
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A. The board of directors of a health service district shall sell bonds issued pursuant to section 48-2215, subsections A through C at not less than par value, and the proceeds shall be placed in the county treasury of the organizing county to the credit of the district. The coun…
A.R.S. § 48-2217 Limit of bonded indebtedness
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No health service district shall incur a bonded indebtedness exceeding five per cent of the assessed value of all taxable property in the district as shown by the last assessment roll of the county.
A.R.S. § 48-2218 Tax exemption of bonds
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Bonds issued pursuant to this article are not taxable by the state or by any county, city, town or other political subdivision of the state.
A.R.S. § 48-2219 Bonds
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Any bonds issued under this article may contain a provision requiring the establishment of a reserve or reserves in an amount equal to the requirements of principal and interest payments for the two years during the life of the bonds requiring the largest amount of principal and …