Arizona § 15-1032 - Capital facilities; bonded indebtedness liability for unified school districts
Full text of Arizona Arizona Revised Statutes § 15-1032 — Capital facilities; bonded indebtedness liability for unified school districts, with citation guidance and answers to common questions.
§ 15-1032. Capital facilities; bonded indebtedness liability for unified school districts
A. All school buildings of established school districts which are located within any unified school district shall, together with all equipment and furnishings, become the property of the unified school district.
B. If any established common school district or high school district has a bonded indebtedness liability, the liability or so much of it as is attributable to facilities located within the boundaries of any unified school district shall become an assumed indebtedness liability of the unified school district. The unified school district governing board shall levy a tax against the property of the unified school district for the payment of the principal and interest, but nothing in this section shall be construed to relieve the taxable property in the theretofore existing school districts from liability to taxation for the payment thereof if necessary to prevent a default in such payment. The unified school district shall assume the indebtedness liabilities of the existing school districts which shall be regarded as an indebtedness of the unified school district for the purpose of determining the debt incurring capacity of the unified school district.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 15-1032
What does Arizona Revised Statutes § 15-1032 cover?
Section 15-1032 ("Capital facilities; bonded indebtedness liability for unified school districts") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 15-1032?
A common citation format is "Arizona Revised Statutes § 15-1032" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 15-1032 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.