Arizona Laws 5-863. Issuance and sale of bonds; notice
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A. The board shall issue the bonds in the number and amount provided in the resolution.
Terms Used In Arizona Laws 5-863
- Board: means the board of directors of the authority. See Arizona Laws 5-801
- Bonds: means the bonds of the authority issued pursuant to this article. See Arizona Laws 5-861
B. The bonds may be sold by competitive bid or negotiated sale for public or private offering at the price and on the terms prescribed in the resolution.
C. The proceeds from the sale of the bonds shall be deposited in the bond proceeds subaccount established by section 5-864.
D. Title 35, chapter 3, article 7 applies to the board and to bonds issued under this article.