Arizona § 15-1686 - Effect on bonds authorized but unissued
Full text of Arizona Arizona Revised Statutes § 15-1686 — Effect on bonds authorized but unissued, with citation guidance and answers to common questions.
§ 15-1686. Effect on bonds authorized but unissued
All acts granting authority to the board to construct or acquire any buildings, projects or facilities and to issue bonds therefor shall be kept in full force and effect but shall be supplemented by this enactment if both of the following occur:
1. Bonds remain authorized but not sold and the land, project, buildings or facilities have not been fully acquired or constructed.
2. Due to the issuance of bonds authorized by this article, any revenues which otherwise would have been used to secure the unissued bonds, in whole or in part, have been applied to payment of bonds authorized by this article, then the board may issue the remaining bonds so authorized solely for the purposes of acquiring or constructing or completing the acquisition and construction of the projects heretofore authorized as parity bonds, notwithstanding the fact that the acts authorizing such additional bonds may limit the revenues available to be pledged for their repayment to specified revenues of the board.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 15-1686
What does Arizona Revised Statutes § 15-1686 cover?
Section 15-1686 ("Effect on bonds authorized but unissued") 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 § 15-1686?
A common citation format is "Arizona Revised Statutes § 15-1686" (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 § 15-1686 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.