30-222. Prerequisites to issuance
65 words·~1 min read·
/az/title-30/30-222A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No revenue bonds shall be issued until provision is made by power or transmission purchase contracts in accordance with the provisions of this chapter adequate in the judgment of the authority to insure all necessary fiscal reserves, operation costs, maintenance and depreciation charges and payment of principal and interest of any bonds relating to any proposed project or facility involved and within the time fixed.