Arizona § 48-2774 - Terms of refunding bonds; interest rate; form
Full text of Arizona Arizona Revised Statutes § 48-2774 — Terms of refunding bonds; interest rate; form, with citation guidance and answers to common questions.
§ 48-2774. Terms of refunding bonds; interest rate; form
A. The refunding bonds shall be made payable in legal currency of the United States in twenty series, as follows:
1. On January 1, after the expiration of twenty years, five per cent of the whole amount of the bonds issued.
2. On January 1 of each year thereafter, an equal amount of the bonds issued until all have been paid.
B. The bonds shall bear interest at a rate not to exceed six per cent per annum, payable semi-annually on January 1 and July 1 each year. The bonds shall be negotiable in form and shall be of denominations of not less than one hundred nor more than five hundred dollars each. The bonds shall in all respects conform to the form of bonds prescribed in article 7 of this chapter.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-2774
What does Arizona Revised Statutes § 48-2774 cover?
Section 48-2774 ("Terms of refunding bonds; interest rate; form") 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 § 48-2774?
A common citation format is "Arizona Revised Statutes § 48-2774" (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 § 48-2774 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.