Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 35. Public Finances |
Chapter 5. INDUSTRIAL DEVELOPMENT FINANCING |
Article 2. Bonds |
Sec 35-723. Prohibition on state debt
Latest version.
-
This chapter shall not be construed to authorize the incurrence of a debt by this state within the meaning of any constitutional provision or to permit the pledging of student fees, charges or tuition to the payment of any bonds issued pursuant to this chapter.