Arizona § 48-3206 - Payment of bonds and interest
Full text of Arizona Arizona Revised Statutes § 48-3206 — Payment of bonds and interest, with citation guidance and answers to common questions.
§ 48-3206. Payment of bonds and interest
A. The bonds and the interest thereon shall be paid by revenue derived from an annual assessment and levy of taxes upon the real property of the district, and the real property of the district shall be liable to taxation for such payments.
B. Any parcel of land in the district, upon payment made at any time before maturity of such bonds of that proportion of the bonded indebtedness of the district which the acreage of the parcel of land bears to the total bonded acreage of the district, together with interest on such amount up to the next following interest-paying day, shall be released and discharged from the further levy of taxes for payment of the principal and interest of the bonds of the district then outstanding, except as otherwise provided for a tax levy in event of default at maturity of bonds.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3206
What does Arizona Revised Statutes § 48-3206 cover?
Section 48-3206 ("Payment of bonds and interest") 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 § 48-3206?
A common citation format is "Arizona Revised Statutes § 48-3206" (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 § 48-3206 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.