Arizona § 48-3255 - Partial payment of bonds and interest
Full text of Arizona Arizona Revised Statutes § 48-3255 — Partial payment of bonds and interest, with citation guidance and answers to common questions.
§ 48-3255. Partial payment of bonds and interest
Upon granting the petition and during the retention of jurisdiction by the committee, if there are in the district treasury at any time funds available for the payment of bonds or interest thereon, but such amount is not sufficient to pay all outstanding bonds, interest coupons, or both, then due, the funds shall be held until they amount to at least twenty per cent of the total due on all outstanding bonds and coupons and shall then be apportioned and paid to the holders of the bonds which are then on deposit with the state treasurer.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-3255
What does Arizona Revised Statutes § 48-3255 cover?
Section 48-3255 ("Partial 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 § 48-3255?
A common citation format is "Arizona Revised Statutes § 48-3255" (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 § 48-3255 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.