48-3189. Resolution adopting plan and calling for issuance of bonds; call for bond election
208 words·~1 min read·
/az/title-48/48-3189A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Upon receipt of the report of the state certification board the board of directors may determine and declare by resolution that its original plan of works or some modified plan recommended by the state certification board is adopted and that the amount of bonds as stated in its original estimate or a different amount suggested by the state certification board should be issued in order to raise the money necessary therefor.
B. Bonds issued for carrying out a plan disapproved by the state certification board shall not be certified for any purpose by the state certification board, or if any district issues bonds in an amount approved by the state certification board, the district shall not make any material change in the plans thereafter without written consent of the state certification board.
C. Immediately after adoption of the resolution determining the amount of bonds, the board of directors shall call an election at which shall be submitted to the qualified electors of the district the question of whether or not the bonds of the district in such amount shall be authorized. The election must be held on the first Tuesday following the first Monday in November as prescribed by section 16-204, subsection B, paragraph 1, subdivision (d).