The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 2nd Regular Session, which convenes in January 2026.
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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.
9-441.07 - Use of municipal revenue powers to provide monies for project
9-441.07. Use of municipal revenue powers to provide monies for project
Every municipality may use its monies for the purposes of aiding in the planning, undertaking or carrying out of a housing development project in its area of operations. To obtain monies for this purpose, every municipality, in addition to other powers set forth in this article, may levy taxes, incur indebtedness and issue bonds in amounts the local governing body determines by resolution are necessary for the purpose of raising monies for use in connection with a housing development project. Any bonds to be issued by the municipality pursuant to this section shall be issued in the manner and within the limitations prescribed by the laws of this state for the issuance and authorization of bonds for public purposes generally.