Arizona Laws 17-295. Limitation on bonding
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A. The aggregate amount of bonds that may be issued pursuant to this article shall be determined by the joint committee on capital review but shall not exceed seven million five hundred thousand dollars. The limit determined by the joint committee on capital review shall not be less than the amount issued prior to the date such limit is determined.
Terms Used In Arizona Laws 17-295
- Bonds: means bonds issued by the commission pursuant to this article. See Arizona Laws 17-281
- Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
B. The limitations of this section shall not apply to bonds issued to refund bonds lawfully issued under this article.