A. The authority shall submit to the attorney general any public-private partnership agreement entered into by the authority. On the submission of the agreement to the attorney general, the attorney general shall investigate and determine the validity of the agreement.

Terms Used In Arizona Laws 49-1214

  • Authority: means the water infrastructure finance authority of Arizona. See Arizona Laws 49-1201
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

B. If the agreement complies with this chapter and the attorney general determines that the agreement will constitute a binding and legal obligation of the authority that is enforceable according to the terms of the agreement, the attorney general shall certify, in substance, that the agreement has been entered into in accordance with the constitution and laws of this state.

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