The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 58th Legislature, 1st Regular Session, which convenes in January 2027.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. The chairperson of the board, the executive director of the board or the chairperson's or executive director's designee shall fix a time and place for a hearing before adopting the resolution. The authority shall provide notice of the time and place fixed for the hearing at least twenty days in advance of the hearing in a newspaper of general circulation in the county in which the authority is established.
B. All pertinent records and documents shall be filed with the board at least ten days before the date set for the hearing. Prehearings respecting any particular document, feature or incidental matter or any separable part or portion of any resolution may be held by the board on ten days' previous written notice if the board deems that holding a prehearing is conducive to expediting a hearing pursuant to subsection A of this section, and a decision as to the issues presented may thereupon be rendered.
C. At the time and place fixed for the hearing, the board shall examine and determine the matters and questions involved. Hearings may be recessed, adjourned or continued as the board orders.
D. At the conclusion of the hearing, if the board finds that all precedent requirements and conditions have been fulfilled, the board shall approve the bond issue in whole or in part or shall otherwise disapprove the bond issue as a whole or as to such features or proposals as do not meet the essential requirements. When the board has made and entered its findings, the board shall enter a decision accordingly.
E. The decision of the board based on findings of fact that are supported by a preponderance of the evidence and that are not arbitrary or unreasonable is final and conclusive.