Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 30. Power |
Chapter 1. ARIZONA POWER AUTHORITY |
Article 5. Performance Bond or Collateral Security Required of Operating Unit |
Sec 30-193. Provisions of bonds; powers of operating unit
Latest version.
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Indemnity or performance bonds or pledges may be in the form and contain terms, conditions and agreements as required by the pledgees to fulfill the purposes thereof within the broadest scope of this chapter. The governing body of the operating unit may enact, pass and adopt necessary bylaws, ordinances, resolutions, rules and regulations not in conflict with this chapter for effectuating and carrying out the provisions and purposes of this article.