Arizona § 28-7515 - Bond obligations of the board
Full text of Arizona Arizona Revised Statutes § 28-7515 — Bond obligations of the board, with citation guidance and answers to common questions.
§ 28-7515. Bond obligations of the board
A. Bonds issued pursuant to this article:
1. Are obligations of the board issuing the bonds.
2. Are payable only pursuant to the terms of the bonds.
3. Are not obligations that are general, special or otherwise of this state.
4. Are not a legal debt of this state.
5. Are not enforceable against this state.
B. Payment of the bonds issued pursuant to this article is not enforceable out of any monies of the department other than the income and revenue pledged and assigned to or in trust for the benefit of the holder or holders of the bonds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 28-7515
What does Arizona Revised Statutes § 28-7515 cover?
Section 28-7515 ("Bond obligations of the board") 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 § 28-7515?
A common citation format is "Arizona Revised Statutes § 28-7515" (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 § 28-7515 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.