A. The water infrastructure finance authority of Arizona terminates on July 1, 2027.

Terms Used In Arizona Laws 41-3027.02

  • Agency: means any department, office, agency, commission, board or other instrumentality of this state specified in article 2 of this chapter regardless of whether monies are appropriated to such board. See Arizona Laws 41-2952
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215

B. Title 49, chapter 8, articles 1 and 3 and sections 49-1224, 49-1225, 49-1226, 49-1244, 49-1245, 49-1246, 49-1261, 49-1262, 49-1263, 49-1264, 49-1265, 49-1266, 49-1267, 49-1268, 49-1269, 49-1301, 49-1303, 49-1304, 49-1305, 49-1306, 49-1307, 49-1308, 49-1309, 49-1310, 49-1311, 49-1312 and 49-1313 are repealed on January 1, 2028, if the authority either:

1. Has no outstanding contractual obligations with the United States or any United States agency and has no debts, obligations or guarantees that were issued for the purposes of Title 49, Chapter 8.

2. Has otherwise provided for paying or retiring such debts or obligations.

C. If any debt or obligation listed in subsection B of this section exists and no satisfactory provision has been made to pay or retire the debt or obligation, the authority and statutes continue in existence until the debt or obligation is fully satisfied.

  Previous section
Next section  
 Article 2 Contents