9-408. Home equity conversion program; authorization; use of proceeds
50 words·~1 min read·
/az/title-9/9-408A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A city or town, by ordinance, may offer a home equity conversion program for persons sixty years of age or older.
B. A city or town shall use any monies obtained from a home equity conversion program, after payment of all costs and expenses, on programs for senior citizens.