Arizona § 48-1793 - Bond election; notice; terms of bonds
Full text of Arizona Arizona Revised Statutes § 48-1793 — Bond election; notice; terms of bonds, with citation guidance and answers to common questions.
§ 48-1793. Bond election; notice; terms of bonds
A. The board of directors, upon complying with sections 48-1791 and 48-1792, shall as soon as practicable call an election at which shall be submitted to the qualified electors of the district the question of issuing negotiable bonds of the district in an amount necessary to carry out the proposed general purposes of the district. The election must be held on the first Tuesday following the first Monday in November as prescribed by section 16-204, subsection B, paragraph 1, subdivision (d). The bonds, if voted, shall be sold at such times and in such amounts as the board of directors deems advisable, which shall be determined only approximately in the proceedings of the board, and shall so state in the notice of election.
B. The bonds shall run for such length of time as the board of directors decides upon and submits to the electors, but for not more than thirty years, and may provide for optional or progressive maturity in the discretion of the board. Such facts shall be included in the notice of the election. The bonds shall bear interest payable semiannually at the rate or rates set by the accepted bid which shall not exceed the maximum rate set forth in the notice of the election. The bonds may be made payable any place in the United States that is agreeable to the board and the purchasers.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-1793
What does Arizona Revised Statutes § 48-1793 cover?
Section 48-1793 ("Bond election; notice; 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 § 48-1793?
A common citation format is "Arizona Revised Statutes § 48-1793" (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 § 48-1793 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.