Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 39. REVITALIZATION DISTRICTS |
Article 1. General Provisions |
Sec 48-6809. Perpetual succession
Latest version.
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The district has perpetual succession, except that the district may be dissolved as provided in section 48-6819 and, if the district does not have any bonds or other obligations outstanding, shall be dissolved ten years after the date of formation unless the governing bodies of the participating municipalities by resolution extend the district by an additional period of ten years.