Arizona § 48-538 - Issuance of improvement bonds to represent assessments
Full text of Arizona Arizona Revised Statutes § 48-538 — Issuance of improvement bonds to represent assessments, with citation guidance and answers to common questions.
§ 48-538. Issuance of improvement bonds to represent assessments
The council may, at or before the confirmation of the assessment or assessment roll in proceedings under this article, by resolution, determine that improvement bonds be authorized and issued to represent the assessments. The bonds shall be issued in the name of the municipality, but shall be made payable only from the special fund collected by the municipality from special assessments levied and assessed upon the lots included within the limits of the assessment district. All sums collected from the special assessment shall be placed in the special fund and shall be used for no other purpose than payment of the principal and interest of the bonds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-538
What does Arizona Revised Statutes § 48-538 cover?
Section 48-538 ("Issuance of improvement bonds to represent assessments") 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 § 48-538?
A common citation format is "Arizona Revised Statutes § 48-538" (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 § 48-538 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.