Arizona § 48-5163 - Bond requirements
Full text of Arizona Arizona Revised Statutes § 48-5163 — Bond requirements, with citation guidance and answers to common questions.
§ 48-5163. Bond requirements
The bonds authorized by this article shall:
1. Be authorized by resolution of the board.
2. Bear such date or dates and shall mature at such time or times as the resolution or resolutions may provide.
3. If the transportation excise tax has a final termination date, mature at or before the final termination date.
4. Bear interest at such rate or rates, whether fixed or variable, be in such denominations, be in such form, be executed in such manner, be payable in such medium of payment at the office of the fiscal agent or at such other place or places and be subject to such terms of redemption as the resolution or resolutions may provide.
5. Be sold at public or private sale at the price and on the terms the board determines, except that bonds to fund or refund other bonds may be either sold or exchanged with the holders of bonds being funded or refunded on terms the board determines.
Frequently Asked Questions About Arizona § 48-5163
What does Arizona Revised Statutes § 48-5163 cover?
Section 48-5163 ("Bond requirements") 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 § 48-5163?
A common citation format is "Arizona Revised Statutes § 48-5163" (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 § 48-5163 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.