Arizona § 41-5787 - Bond purchase; cancellation
Full text of Arizona Arizona Revised Statutes § 41-5787 — Bond purchase; cancellation, with citation guidance and answers to common questions.
§ 41-5787. Bond purchase; cancellation
The board may purchase bonds for cancellation out of any monies available for the purchase at a price of not more than either of the following:
1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest payment date on the bonds.
2. If the bonds are not redeemable at the time of the purchase, the applicable redemption price on the first date after the purchase on which the bonds become subject to redemption plus accrued interest to that date.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 41-5787
What does Arizona Revised Statutes § 41-5787 cover?
Section 41-5787 ("Bond purchase; cancellation") 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 § 41-5787?
A common citation format is "Arizona Revised Statutes § 41-5787" (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 § 41-5787 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.