Arizona § 48-3194 - Limitation on bonded indebtedness
Full text of Arizona Arizona Revised Statutes § 48-3194 — Limitation on bonded indebtedness, with citation guidance and answers to common questions.
§ 48-3194. Limitation on bonded indebtedness
No bonds shall be issued by a district which will cause the total aggregate outstanding bonded indebtedness of the district and other district obligations for the payment of money to exceed sixty per cent of the estimated market value of the lands within the district, after its system or irrigation works has been completed, and for the irrigation works owned or to be acquired by the district with the proceeds of the bonds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3194
What does Arizona Revised Statutes § 48-3194 cover?
Section 48-3194 ("Limitation on bonded indebtedness") 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 § 48-3194?
A common citation format is "Arizona Revised Statutes § 48-3194" (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 § 48-3194 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.