Ariz. Rev. Stat. § 48-6278

Current through L. 2024, ch. 259

Section 48-6278 - Bond purchase; cancellation

The board may purchase bonds for cancellation, using any available monies, at a price not exceeding the following:

1. If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest payment date.

2. If the bonds are not redeemable at the time of purchase, the applicable redemption price on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.

A.R.S. § 48-6278

Repealed from and after 12/31/2031, if the board of directors fails to issue bonds pursuant to that article by that date.