48-2794. Authority to reduce bonded indebtedness
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/az/title-48/48-2794A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When the board of directors determines that the authorized bonded indebtedness of the district is greater than the district will require to complete its system as planned, the board may call a special election for the purpose of voting upon a proposal to reduce the bonded indebtedness to an amount the board determines sufficient for such purpose.