Arizona Revised Statutes § 48-6680 Payment Of Bonds

48-6680. Payment of bonds

(Conditionally Rpld. Delayed Rpld.)

A. The bonds shall be paid solely from monies in the debt service account.

B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.

C. The fiscal agent of the district shall cancel all bonds when paid.

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Last modified: October 13, 2016