Arizona § 48-154 - Bonds payable only from revenue pledged; bonds not district indebtedness
Full text of Arizona Arizona Revised Statutes § 48-154 — Bonds payable only from revenue pledged; bonds not district indebtedness, with citation guidance and answers to common questions.
§ 48-154. Bonds payable only from revenue pledged; bonds not district indebtedness
No holder of any bonds issued under this article shall have the right to compel any exercise of the taxing power of the district to pay the bonds or the interest thereon. Each bond issued under this article shall recite in substance that the payment of the bond and the interest thereon is enforceable exclusively from the revenue pledged to its payment. Bonds issued under this article by the district shall not be a debt of the district, nor shall payment thereof be enforceable out of any funds other than the revenue pledged to the payment thereof.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-154
What does Arizona Revised Statutes § 48-154 cover?
Section 48-154 ("Bonds payable only from revenue pledged; bonds not district indebtedness") 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 § 48-154?
A common citation format is "Arizona Revised Statutes § 48-154" (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 § 48-154 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.