Arizona § 48-2469 - Form of notes
Full text of Arizona Arizona Revised Statutes § 48-2469 — Form of notes, with citation guidance and answers to common questions.
§ 48-2469. Form of notes
A district may, at any time after the issuance of bonds is authorized, borrow money for the purposes for which such bonds are to be issued in anticipation of the receipt of the proceeds of the sale of such bonds and within the authorized maximum amount of such bond issue. Bond anticipation notes shall be issued for all monies so borrowed under the provisions of this section. Such notes may be issued for a period not exceeding one year and may be renewed from time to time for periods of not exceeding one year, but each such note, including renewals, shall mature and be paid not later than the fifth anniversary of the date the original note was issued. Such notes shall be authorized by resolution of the board and shall be in such denomination or denominations, shall bear interest at such rate or rates approved by the board of directors, shall be in such form and shall be executed in such manner, all as the board of directors shall prescribe. In the case of districts that have both a board of directors and a council pursuant to article 3 of this chapter, notes may be issued without ratification and confirmation of the council. Such notes shall be sold at public or private sale or, if such notes shall be renewal notes, they may be exchanged for notes then outstanding on such terms as the board shall determine.
Frequently Asked Questions About Arizona § 48-2469
What does Arizona Revised Statutes § 48-2469 cover?
Section 48-2469 ("Form of notes") 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 § 48-2469?
A common citation format is "Arizona Revised Statutes § 48-2469" (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 § 48-2469 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.