The Arizona Revised Statutes have been updated to include the revised sections from the 55th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 2nd Regular Session, which convenes in January 2022.
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.
36-1488 - Use of municipal revenue powers to provide funds for project
36-1488. Use of municipal revenue powers to provide funds for project
Every municipality may use its funds for the purposes of aiding in the planning, undertaking or carrying out of a redevelopment project in its area of operation. To obtain funds for this purpose, every municipality may, in addition to other powers set forth in this article, levy taxes, incur indebtedness and issue bonds in amounts the local governing body determines by resolution necessary for the purpose of raising funds for use in connection with a redevelopment 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 the state for the issuance and authorization of bonds for public purposes generally.