Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 49. The Environment |
Chapter 8. WATER INFRASTRUCTURE FINANCE PROGRAM |
Article 2. Clean Water Revolving Fund, Drinking Water Revolving Fund and Hardship Grant Fund Financial Provisions |
Sec 49-1264. Certification of bonds by attorney general
Latest version.
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The board may submit any water quality bonds issued under this article to the attorney general after all proceedings for their authorization have been completed. On submission the attorney general shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply with this article, and if the attorney general determines that, when delivered and paid for, the bonds will constitute binding and legal obligations of the board, the attorney general shall certify on the back of each bond, in substance, that it is issued according to the constitution and laws of this state.