Arizona § 11-1441 - Honoring outstanding debt obligations of sponsoring county
Full text of Arizona Arizona Revised Statutes § 11-1441 — Honoring outstanding debt obligations of sponsoring county, with citation guidance and answers to common questions.
§ 11-1441. Honoring outstanding debt obligations of sponsoring county
A. The operating agreement entered into pursuant to this chapter shall require the nonprofit corporation to:
1. Honor all covenants and obligations made by the sponsoring county pursuant to title 35, chapter 3, article 7 with respect to the county health system.
2. Assume and perform all covenants, conditions and requirements undertaken by the sponsoring county pursuant to title 35, chapter 3, article 7 with respect to bonds issued to provide monies for the county health system before the transfer date in which the proceeds were used or intended to be used to finance parts of the county health system covered by the operating agreement.
3. Comply with all covenants and conditions against private use, private security interests and private loans contained in the operating agreement or in any proceeding that pertains to issuing the bonds, notes or other obligations of the sponsoring county issued to originally acquire, construct or purchase the health system assets.
B. Notwithstanding any law to the contrary or the articles of incorporation or bylaws of the nonprofit corporation, any action taken by the corporation in violation of those covenants and conditions described in this section is void.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 11-1441
What does Arizona Revised Statutes § 11-1441 cover?
Section 11-1441 ("Honoring outstanding debt obligations of sponsoring county") 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 § 11-1441?
A common citation format is "Arizona Revised Statutes § 11-1441" (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 § 11-1441 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.