United States — Arizona
ARS § 9-514
1 provisions
A municipal corporation must get voter approval before it constructs, buys, acquires, or leases utility plant or property, unless an exception applies.
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United States — Arizona
1 provisions
A municipal corporation must get voter approval before it constructs, buys, acquires, or leases utility plant or property, unless an exception applies.
United States — Arizona
1 provisions
A municipal corporation served by a public utility franchise must first buy and take over the utility’s property and plant before building or acquiring related facilities; payment of fair valuation is due within 18 months after valuation is determined.
United States — Arizona
1 provisions
Cities and towns are restricted from starting or continuing competing utility service in certain areas, and the corporation commission is limited in issuing new utility certificates there.
United States — Arizona
1 provisions
A municipal corporation does not have to purchase or take over a public utility’s property or plant if the utility operating under an existing franchise wilfully and persistently violates the franchise.
United States — Arizona
1 provisions
This section sets the procedure for a city or town taking a public utility and paying compensation for it.
United States — Arizona
1 provisions
A municipal corporation may not operate as a passenger common carrier on a route or in territory that is already adequately served by a lawful passenger common carrier.
United States — Arizona
1 provisions
This section defines several terms used in the article, including bond, governing body, municipality, tax secured bond, and utility undertaking.
United States — Arizona
1 provisions
This section defines “utility undertaking” to include recreational facilities and defines recreational facilities to include swimming pools, parks, playgrounds, municipal golf courses, and ball parks.
United States — Arizona
1 provisions
A municipality may perform utility-project work and issue bonds to fund it, and it may pledge utility revenues or, for tax-secured bonds, its full faith and credit.
United States — Arizona
1 provisions
Bond questions must be put to the municipality’s qualified electors, and bonds cannot be issued unless a majority of voting qualified electors assent at the election.
United States — Arizona
1 provisions
The governing body must call an election on issuing bonds, and the election order must include specific bond and election details and be published or posted on a set schedule.
United States — Arizona
1 provisions
The governing body may require voters to register, and if it does, the election resolution must set the registration dates, times, and places.
United States — Arizona
1 provisions
Ballots for the election must include the phrases “for the bonds” and “against the bonds,” and voters must mark an X in the square next to their choice.
United States — Arizona
1 provisions
The governing body must canvass the election returns and declare the result. If a majority of qualified electors voting assent to issuing the bonds, the governing body must provide for their issuance.
United States — Arizona
1 provisions
Election registration and election procedures, poll lists, returns, result declaration, and related acts must follow the procedure provided by law for registration and qualification of electors and for bond-election procedures, unless this article provides otherwise.
United States — Arizona
1 provisions
This section lets municipalities and their governing bodies set bond sale terms, interest features, and bidding procedures, but it also imposes specific notice, maturity, and discount limits.
United States — Arizona
1 provisions
The municipality’s governing body must set and update service charges so the utility stays self-supporting, and it must use a bond interest rate within the stated limits.
United States — Arizona
1 provisions
A bond-resolution under this article may include covenants about how bond proceeds and utility revenues are used, additional bonds, operation and maintenance, insurance, accounting records, and receiver terms.
United States — Arizona
1 provisions
Bond-sale proceeds and related utility receipts must be paid to the designated municipal finance officer, kept separate, and not mixed with other funds.
United States — Arizona
1 provisions
Bonds issued under this article are valid and binding even if some signers later stop being municipal officers before delivery and payment.