Arizona § 48-2470 - Sale of bonds
Full text of Arizona Arizona Revised Statutes § 48-2470 — Sale of bonds, with citation guidance and answers to common questions.
§ 48-2470. Sale of bonds
A. Bonds shall be sold at public or private sale, as the board of directors may determine.
B. If the board of directors determines to sell such bonds at public sale, notice of the sale shall be given by publication thereof for at least three days in a newspaper published in the county in which the office of the board of directors is located, and in such other newspaper as the board directs. The notice shall state that sealed bids will be received by the board at its office for the purchase of the bonds until the day and hour named in the resolution.
C. At the time appointed, the board shall meet and open the bids and award the purchase of the bonds or reject any or all bids. The board may, by the resolution and notice, require a deposit or certified check as an evidence of good faith to accompany each bid for the bonds. The bonds may be sold at such price or prices as the board may determine.
D. If the board of directors determines to sell such bonds at private sale, such sale shall be subject to prior approval by a majority of the members of the council.
E. The secretary of the district shall keep a record of the bonds sold, their number, the date of sale, the price received and the name of the purchaser or purchasers.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-2470
What does Arizona Revised Statutes § 48-2470 cover?
Section 48-2470 ("Sale 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 § 48-2470?
A common citation format is "Arizona Revised Statutes § 48-2470" (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 § 48-2470 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.