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.
This state pledges to and agrees with the holders of the bonds and other obligations authorized under this article that it will not limit, alter or impair the rights vested in the county stadium district to collect and receive monies, including the taxes and surcharges levied pursuant to article 2 of this chapter or an equivalent source, necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the bonds or other obligations or in any way impair the rights and remedies of the holders of the bonds or obligations, until all bonds and obligations issued and incurred under this article, together with interest, interest on any unpaid installments of principal or interest, and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders, are fully met and discharged. The board as agent for this state may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds and obligations.