Arizona § 48-632 - Procedure for investment bond election
Full text of Arizona Arizona Revised Statutes § 48-632 — Procedure for investment bond election, with citation guidance and answers to common questions.
§ 48-632. Procedure for investment bond election
A. When the governing body of a municipality at a meeting has determined that the public interest or necessity demands the acquisition, construction or completion of an improvement authorized by articles 1 and 2 of this chapter, it may at that or a subsequent meeting, by a vote of a majority of all its members, order a special election and submit to the qualified electors of the municipality the proposition of issuing the investment bonds.
B. The resolution calling the election shall recite the objects and purposes for which it is proposed to use the proceeds of the bonds, the amount of the principal thereof, the rate of interest to be paid thereon, and shall fix the date on which the special election will be held, the manner of holding the election and manner of voting for or against issuing such bonds.
C. The election, except as otherwise provided in this article, shall be held, and the return thereof made and canvassed and the elector shall possess the qualifications as provided by law for holding bond elections in the municipality.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-632
What does Arizona Revised Statutes § 48-632 cover?
Section 48-632 ("Procedure for investment bond election") 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 § 48-632?
A common citation format is "Arizona Revised Statutes § 48-632" (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 § 48-632 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.