The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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.
41-3027.02 - Water infrastructure finance authority of Arizona; termination July 1, 2027
41-3027.02. Water infrastructure finance authority of Arizona; termination July 1, 2027
A. The water infrastructure finance authority of Arizona terminates on July 1, 2027.
B. Title 49, chapter 8, articles 1 and 3 and sections 49-1224, 49-1225, 49-1226, 49-1244, 49-1245, 49-1246, 49-1261, 49-1262, 49-1263, 49-1264, 49-1265, 49-1266, 49-1267, 49-1268, 49-1269, 49-1301, 49-1303, 49-1304, 49-1305, 49-1306, 49-1307, 49-1308, 49-1309, 49-1310, 49-1311, 49-1312 and 49-1313 are repealed on January 1, 2028, if the authority either:
1. Has no outstanding contractual obligations with the United States or any United States agency and has no debts, obligations or guarantees that were issued for the purposes of title 49, chapter 8.
2. Has otherwise provided for paying or retiring such debts or obligations.
C. If any debt or obligation listed in subsection B of this section exists and no satisfactory provision has been made to pay or retire the debt or obligation, the authority and statutes continue in existence until the debt or obligation is fully satisfied.