Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 4. MUNICIPAL IMPROVEMENT DISTRICTS |
Article 4. Refunding Improvement Bonds |
Sec 48-652. Order for issuance of bonds
Latest version.
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When the public interest or convenience requires, or when the governing body of a municipality deems it expedient and advisable, the governing body may order issuance of refunding bonds to refund all or any part of the outstanding bonded indebtedness incurred under articles 1 and 2 of this chapter, or chapter 144, session laws of 1919, or amendments thereof.