Arizona § 48-2795 - Election to reduce bonded indebtedness; notice and conduct of election
Full text of Arizona Arizona Revised Statutes § 48-2795 — Election to reduce bonded indebtedness; notice and conduct of election, with citation guidance and answers to common questions.
§ 48-2795. Election to reduce bonded indebtedness; notice and conduct of election
A. Notice of the election to reduce the bonded indebtedness of the district shall be given in the same manner as provided for calling special elections for issuance of bonds. The notice of election shall state the amount of the authorized bonded indebtedness of the district, the amount to which it is proposed to reduce such indebtedness, the date on which the election will be held, and the location of the polling place or places as established by the board of directors.
B. The ballots at the election shall contain the words, "for reducing bonds - -yes" and "for reducing bonds - -no". When the vote is canvassed by the board of directors and the result is entered on the minutes of the board, if a majority of the votes cast is found to be "for reducing bonds - -yes", the board may issue or sell only the amount of bonds specified in the notice of the special election. If a majority of the votes is "for reducing bonds - -no," the authority to issue bonds shall remain the same as before the special election was held.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-2795
What does Arizona Revised Statutes § 48-2795 cover?
Section 48-2795 ("Election to reduce bonded indebtedness; notice and conduct of election") 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 § 48-2795?
A common citation format is "Arizona Revised Statutes § 48-2795" (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 § 48-2795 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.