Arizona § 48-1046 - Terms of bonds
Full text of Arizona Arizona Revised Statutes § 48-1046 — Terms of bonds, with citation guidance and answers to common questions.
§ 48-1046. Terms of bonds
A. With respect to any bonds, the district board shall prescribe the denominations of the bonds, the size of each issue and the form of the bonds and shall establish the maturities, interest payment dates and interest rates, whether fixed or variable, not exceeding the maximum rate stated in the notice of the election. The bonds may be sold at public or private sales at, below or above par. The proceeds of the sales shall be deposited with the county treasurer as ex officio treasurer of the district, or with a trustee or agent designated by the district board, to the credit of the district to be withdrawn for the purposes provided by this article. The bonds may contain such terms, conditions, covenants and agreements as the board deems proper.
B. In order to secure the payment of the bonds and interest on the bonds the board by resolution may set aside, regulate and dispose of reserve and sinking funds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-1046
What does Arizona Revised Statutes § 48-1046 cover?
Section 48-1046 ("Terms of bonds") 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 § 48-1046?
A common citation format is "Arizona Revised Statutes § 48-1046" (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 § 48-1046 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.