Arizona § 35-451 - Local debt limit; increase in limitation; authority to issue bonds; definitions
Full text of Arizona Arizona Revised Statutes § 35-451 — Local debt limit; increase in limitation; authority to issue bonds; definitions, with citation guidance and answers to common questions.
§ 35-451. Local debt limit; increase in limitation; authority to issue bonds; definitions
A. The aggregate indebtedness of a county, city, town or similar municipal corporation may be increased above six percent of the net assessed value of the full cash value of the property in such a political subdivision only as provided in this article.
B. A multi-county water conservation district may become indebted and issue bonds in the manner provided in this article.
C. Bonds may be issued under this article for any lawful or necessary purpose.
D. For the purposes of this section, "full cash value" and "net assessed value" have the same meanings prescribed in section 42-11001.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 35-451
What does Arizona Revised Statutes § 35-451 cover?
Section 35-451 ("Local debt limit; increase in limitation; authority to issue bonds; definitions") 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 § 35-451?
A common citation format is "Arizona Revised Statutes § 35-451" (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 § 35-451 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.