ARS § 9-512
A municipal corporation may issue and sell bonds for section 9-511 purposes, with bond interest capped at 9% per year. If an enterprise or public improvement was funded by bond proceeds, the municipality must set service rates to cover interest and at least 3% per year on bond principal, after maintenance and operating
- Jurisdiction
- United States — Arizona
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
A municipal corporation may issue and sell bonds for section 9-511 purposes, with bond interest capped at 9% per year. If an enterprise or public improvement was funded by bond proceeds, the municipality must set service rates to cover interest and at least 3% per year on bond principal, after maintenance and operating costs.
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ARS § 9-512
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