§ 35-606 – Resolution of district assenting to plan as prerequisite of final decree of court becoming effective
35-606. Resolution of district assenting to plan as prerequisite of final decree of court becoming effective No final decree or order of the United States district court confirming a plan of readjustment shall be effective for the purpose of binding the taxing district unless and until the taxing district files with the court a certified […]
§ 35-607 – Powers of district to consummate plan; issuance of refunding bonds; hearing upon resolution; notice
35-607. Powers of district to consummate plan; issuance of refunding bonds; hearing upon resolution; notice A. Upon filing a certified copy of the resolution as provided by section 35-606, the taxing district may consummate the plan of readjustment, and in doing so, shall have the following powers and duties: 1. To cancel in whole or […]
§ 35-502 – Reports; omission or refusal to comply; violation; classification
35-502. Reports; omission or refusal to comply; violation; classification A. The governing body of the county, city, town, district or other political subdivision shall make such reports to the department of administration as the department requires relating to the issuance of the bonds and securities provided by section 35-501 and shall notify the department of […]
§ 35-608 – Purpose of article
35-608. Purpose of article This article shall not affect any other law covering the same subject matter, or apply to any proceedings thereunder, but is intended to and does provide, among other matters, an alternative system for refunding bonds pursuant to the provisions of, and in conjunction with, the federal bankruptcy statute.
§ 35-503 – Calculation of debt limits
35-503. Calculation of debt limits A. For purposes of calculating all debt limits pursuant to article IX, section 8 or 8.1, Constitution of Arizona, the outstanding indebtedness of a jurisdiction shall equal the total principal amount of all bonds outstanding at the time of calculation. Bonds outstanding shall include the principal amount of all bonds […]
§ 35-701 – Definitions
35-701. Definitions In this chapter, unless the context otherwise requires: 1. " Corporation" means any corporation organized as an authority as provided in this chapter. 2. " Governing body" means: (a) The board or body in which the general legislative powers of the municipality or the county are vested. (b) The Arizona board of regents […]
§ 35-504 – Debt oversight commission; membership; compensation; duties
35-504. Debt oversight commission; membership; compensation; duties A. In order to provide more accurate and meaningful information to the public regarding bond issues, the debt oversight commission is established in the department of administration. B. The commission consists of the director of the department of administration, who serves as chairperson, and four private citizens who […]
§ 35-702 – Proceedings to incorporate industrial development authority
35-702. Proceedings to incorporate industrial development authority A. Whenever any number of natural persons, not less than three, each of whom is a qualified elector of the municipality or the county or, in the case of a corporation to be formed with the permission of the Arizona finance authority or the Arizona board of regents, […]
§ 35-505 – Exemption; industrial development
35-505. Exemption; industrial development This article does not apply to corporations formed pursuant to chapters 5 and 6 of this title.
§ 35-703 – Articles of incorporation of industrial development authority
35-703. Articles of incorporation of industrial development authority In addition to the requirements of title 10, the articles of incorporation shall set forth: 1. The names and residences of the applicants, together with a recital that each of them is a qualified elector of the municipality or the county or, in the case of a […]