A. Bonds issued pursuant to this article are exempt from any and all statutory debt limitations and budget requirements applicable to a county.

Terms Used In Arizona Laws 11-264.03

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215

B. Until payment of all bonds issued for sewer construction, acquisition or improvement and the expiration of the fiscal year in which the bonds are paid in full, neither the receipts from operation of the sewerage system nor expenditures from sources other than taxes, in connection with the operation of such sewerage system including debt service on bonds shall be subject to the provisions of title 42.

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