Arizona § 48-3122 - Payment of bonded indebtedness; release of lands
Full text of Arizona Arizona Revised Statutes § 48-3122 — Payment of bonded indebtedness; release of lands, with citation guidance and answers to common questions.
§ 48-3122. Payment of bonded indebtedness; release of lands
A. Payment of the amount necessary to be made for releasing any parcel of land from the outstanding bonded indebtedness of the district may be made with the district bonds, matured interest coupons or warrants, at their par value or with an aggregate amount of bonds, interest coupons or warrants which singly, or in the aggregate do not exceed the total amount necessary for release of such land, and to which aggregate amount a money payment is added sufficient to pay for release of such land.
B. The treasurer of the district shall accept payment made as provided by this section, and upon receipt of any bonds, coupons or warrants, shall immediately cancel them, and they shall not thereafter be reissued, negotiated or circulated.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3122
What does Arizona Revised Statutes § 48-3122 cover?
Section 48-3122 ("Payment of bonded indebtedness; release of lands") 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 § 48-3122?
A common citation format is "Arizona Revised Statutes § 48-3122" (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 § 48-3122 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.