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Code · Arizona · Title 48 — Special Taxing Districts

48-2995. Limitation on power of board to incur district indebtedness

46 words·~1 min read·/az/title-48/48-2995

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The board of directors or other officers of the district shall not incur any debt or liability, either by issuing bonds or otherwise, in excess of the express provisions of this chapter. Any debt or liability incurred in excess of such limitation shall be absolutely void.
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