reglab/housing_qa huggingface dataset:
AZ Rev Stat § 35-404 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-404 - Amount of bonds; limitation

35-404.  Amount of bonds;  limitation The total amount of tax anticipation bonds,  including both principal and interest,  shall not exceed fifty per cent of the ad valorem taxes,  plus fifty per cent of the state's portion of excise taxes as estimated by the department of revenue,  for the years recited in the bonds,  uncollected and not in the state treasury at the time of issuance of the bonds.
AZ Rev Stat § 35-405 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-405 - Resolution for issuance

35-405.  Resolution for issuance The loan commissioners shall by resolution authorize the issuance of the bonds,  which shall prescribe the form of the bonds,  the form of the interest coupons,  the manner in which the coupons shall be signed and the particular taxes upon which the bonds are based,  and shall fix the manner,  terms and conditions under which the bonds shall be sold.
AZ Rev Stat § 35-406 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-406 - Sale of bonds; use of proceeds

35-406.  Sale of bonds;  use of proceeds A. The tax anticipation bonds shall be sold to the highest bidder that meets the conditions imposed by the loan commissioners,  but shall not be sold at less than par. B. When the issuance and sale of any bonds have been completed,  the treasurer shall immediately call in and pay from the proceeds of the sale all state warrants,  checks or substitute checks,  and electronic funds transfer vouchers that are registered and accumulated at that date,  or otherwise the proceeds of the bonds shall be used solely for the purposes for which the taxes on which the bonds are based were levied.
AZ Rev Stat § 35-407 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-407 - Payment of bonds and interest

35-407.  Payment of bonds and interest When bonds are issued,  the taxes upon which they are based and by which they are secured shall,  when and as collected,  be kept by the treasurer and used solely for payment of the bonds and interest thereon,  until all of the bonds,  together with the interest,  are paid in full. The treasurer may pay the interest on the bonds from the general fund. No interest shall be paid on any bond for any period after the date it is payable or after the date the treasurer calls the bond for payment,  whichever date is later.
AZ Rev Stat § 35-408 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-408 - Rights of holder of bond

35-408.  Rights of holder of bond The holder of any tax anticipation bond may,  in his own name and on his own behalf,  or on behalf of all the holders of the bonds,  compel by mandamus the performance of any duty imposed by this article.
AZ Rev Stat § 35-421 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-421 - State loan commissioners; issuance of bonds; exemption of bonds from taxes

35-421.  State loan commissioners;  issuance of bonds;  exemption of bonds from taxes A. The governor,  the director of the department of administration and the state treasurer shall constitute the loan commissioners of the state of Arizona. B. The loan commissioners shall provide for payment of state indebtedness. For the purpose of paying,  redeeming and refunding all or any part of the principal and interest of such indebtedness,  the loan commissioners may,  from time to time issue negotiable coupon bonds of the state when they can be sold at a lower rate of interest than previously paid or when they can be issued and sold at a profit and benefit to the state. C. Bonds issued under the provisions of this article shall not be taxed within this state.
AZ Rev Stat § 35-422 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-422 - Denominations and terms of bonds

35-422.  Denominations and terms of bonds A. The bonds provided for in section 35-421 shall be issued as nearly as practicable in denominations of one thousand dollars,  but bonds of a lower denomination not less than one hundred dollars may be issued when necessary. The bonds shall bear interest at a rate fixed by the commissioners,  not exceeding nine per cent per annum,  payable semiannually at the office of the state treasurer or at some bank or trust company in New York City,  New York,  at the option of the purchaser of the bonds. The principal shall be payable within twenty-five years after the date of issuance of the bonds,  and the state shall reserve the right to redeem at par any bonds in their numerical order at any time after fifteen years from the date thereof. The bonds shall bear the date of their issue,  state where and to whom payable,  the rate of interest,  shall be signed by the loan commissioners with the seal of the state affixed,  shall be countersigned by the state treasurer and bear his official seal,  and shall be registered by the department of administration in a book kept for that purpose which shall disclose the amount the bonds sold for,  or if exchanged,  for what exchanged. B. The faith and credit of the state shall be pledged for the payment of the bonds and the interest accruing thereon.
AZ Rev Stat § 35-423 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-423 - Interest coupons

35-423.  Interest coupons A. Coupons for interest shall be attached to each bond,  shall be consecutively numbered and bear the same number as the bond to which it is attached,  shall bear the facsimile signature of the state treasurer and shall cover the interest expressed in the bond from the date of issue until paid. B. Bonds shall not bear interest,  nor shall interest be paid thereon,  for any time before they are delivered to the purchaser.
AZ Rev Stat § 35-424 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-424 - Sale of bonds; notice, publication and bids

35-424.  Sale of bonds;  notice,  publication and bids A. When the loan commissioners are authorized to issue bonds,  or decide to refund or redeem all or any of the existing indebtedness of the state,  they shall direct the state treasurer to advertise the sale of the bonds to be issued for that purpose by causing a notice of such sale to be published once a week for one month in three newspapers published in the state,  no two of which shall be published in the same county,  and,  in their discretion,  in a publication in New York City,  New York,  and in San Francisco,  California. Such notice shall state the amount of bonds to be sold,  the place,  day and hour of sale,  and that bids will be received by the treasurer for the purchase of the bonds within one month from expiration of such publication. B. At the place and time named in the notice the loan commissioners shall open the bids received by the treasurer and shall award the purchase of the bonds,  or any part thereof,  to the best bidder. C. The loan commissioners may reject any and all bids,  and may refuse to make an award unless sufficient security is furnished by the bidder insuring compliance with his bid.
AZ Rev Stat § 35-425 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-425 - Delivery of bonds

35-425.  Delivery of bonds A. When the sale is awarded,  the loan commissioners shall procure the necessary bonds,  and,  after signing the bonds,  deliver them to the state treasurer,  taking his receipt for the bonds,  and charging him therewith. The treasurer shall deliver the bonds to the purchaser for cash,  or exchange them for any of the indebtedness for the redemption of which they were issued. B. Bonds shall not be sold or exchanged for less than their face value and accrued interest at the time of delivery,  nor shall any indebtedness be redeemed at more than its face value and accrued interest. C. The state treasurer shall endorse the time when and the amount for which exchanged upon the face of the paper evidencing the indebtedness received by him in exchange.
AZ Rev Stat § 35-426 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-426 - Application of proceeds to redemption of indebtedness; notice to redeem

35-426.  Application of proceeds to redemption of indebtedness;  notice to redeem A. The state treasurer shall apply monies received to redeem the indebtedness of the bonds issued and shall give notice in the same manner as for paying and redeeming state warrants,  checks and substitute checks,  and electronic funds transfer vouchers. After the state treasurer redeems such indebtedness,  interest on all such indebtedness due and outstanding shall cease. B. Before such indebtedness is paid,  the director of the department of administration shall endorse on each certificate the amount due thereon,  and write across the face of each the date of its surrender and the name of the person surrendering,  and shall keep a record thereof.
AZ Rev Stat § 35-428 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-428 - Redemption of bonds; notice; record of bonds redeemed

35-428.  Redemption of bonds;  notice;  record of bonds redeemed A. When,  after the expiration of fifteen years from the date of issuance of any bonds,  there is in the redemption fund a surplus of ten thousand dollars or more,  the state treasurer shall advertise,  in the same manner as required for bids for the sale of bonds,  stating the amount of money in the redemption fund,  and that such amount has been set apart to pay and discharge a certain number of bonds,  naming them by number in the order of their issuance. A copy of such advertisement shall be mailed to each bank or trust company at which the interest on the bonds is payable. If the bonds numbered in the advertisements are not presented for payment and cancellation at the expiration of such publication,  the fund shall remain in the treasury to discharge the bonds when presented,  but such bonds shall draw no interest after expiration of the publication. Before such bonds are paid they shall be presented to the director of the department of administration,  who shall endorse on each bond the amount due thereon,  and shall write across the face of each bond the date of its surrender and the name of the person surrendering the bond. B. The director of the department of administration shall keep a record of all bonds issued and disposed of by the state treasurer,  showing for each bond the number,  rate of interest,  date,  amount of sale,  when,  where and to whom payable,  and if exchanged,  for what,  and when presented for redemption the date,  amount due thereon,  and person surrendering.
AZ Rev Stat § 35-429 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-429 - Issuance of state bonds for county, municipal or school district indebtedness

35-429.  Issuance of state bonds for county,  municipal or school district indebtedness A. The board of supervisors of each county and the proper municipal or school authority shall report to the state loan commissioners the bonded and outstanding indebtedness of the county,  municipality or school district,  and,  upon demand of such authorities,  the loan commissioners shall provide for redeeming or refunding such indebtedness in the same manner as other state indebtedness and shall issue bonds of the state for any indebtedness authorized by law to be incurred by such county,  municipality or school district. B. The bonds shall be issued upon the faith and credit of the state only to the extent that it will cause to be levied and collected taxes for the payment of the principal and interest of such bonds,  and pay the principal and interest when such bonds have been issued. C. The county,  municipality or school district shall pay into the state treasury,  in addition to all other taxes authorized by law,  amounts as directed by the director of the department of administration,  to be levied for the payment of the principal and interest of such bonds issued for such county,  municipality or school district,  in the same manner provided for the payment of the principal and interest of state indebtedness.
AZ Rev Stat § 35-430 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-430 - Cancellation of redeemed bonds; record of redemption; transmittal of abstract of record; payment of interest

35-430.  Cancellation of redeemed bonds;  record of redemption;  transmittal of abstract of record;  payment of interest A. When the state treasurer pays or redeems any indebtedness,  the treasurer shall endorse,  by writing or stamping in ink,  on the face of the paper evidencing such indebtedness so paid or redeemed,  the words " redeemed and canceled"  with the date of cancellation. B. The state treasurer shall keep a complete record of all bonds redeemed and surrendered and shall transmit to the governor an abstract of the record with the annual report,  which shall be submitted by the governor to the legislature. C. The treasurer shall pay the interest on the bonds,  when due,  from the interest fund,  if sufficient,  and if not sufficient,  from the state general fund. If a deficiency exists,  the director of the department of administration shall draw a warrant,  check or electronic funds transfer voucher on the state treasurer,  payable to the order of the state treasurer from the state general fund.
AZ Rev Stat § 35-431 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-431 - Registration of bond; effect; entry of registration

35-431.  Registration of bond;  effect;  entry of registration When the owner of a bond authorized to be issued by this article presents it to the director of the department of administration with a request for its conversion into a registered bond,  the director of the department of administration shall detach and cancel the coupons,  and stamp or write upon such bond that it is registered in the name of the owner and that thereafter the interest and principal of the bond are payable to the registered owner only. The bond may be transferred by the registered owner by presenting it to the director of the department of administration,  and the bond shall again be registered. When so registered,  the principal and interest of the bond shall be payable to the registered owner. The director of the department of administration shall enter in the register of bonds the registration of each bond and the name of the owner thereof.
AZ Rev Stat § 35-451 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-451 - Local debt limit; increase in limitation; authority to issue bonds; definitions

35-451.  Local debt limit;  increase in limitation;  authority to issue bonds;  definitions A. The aggregate indebtedness of a county,  city,  town or similar municipal corporation may be increased above six percent of the net assessed value of the full cash value of the property in such a political subdivision only as provided in this article. B. A multi-county water conservation district may become indebted and issue bonds in the manner provided in this article. C. Bonds may be issued under this article for any lawful or necessary purpose. D. For the purposes of this section,  " full cash value"  and " net assessed value"  have the same meanings prescribed in section 42-11001.
AZ Rev Stat § 35-451.01 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-451.01 - Power to use outstanding bond authorizations of common or high school districts

35-451.01.  Power to use outstanding bond authorizations of common or high school districts A. All outstanding authorizations permitting the issuance of bonds,  as provided in this article,  or the incurring of debt by a common school district or a high school district at the time either such district becomes part of a unified school district,  shall remain in full force and effect. The unified school district shall be vested with all powers to act for and on behalf of such common school district or high school district to issue the bonds for the purposes for which such authorizations were granted. The school district governing board may submit the bonds for approval by the attorney general. B. The bonds shall be issued pursuant to the provisions of this article,  except that the effect of the bonds issued pursuant to this section shall be the same as if the questions pertaining to the issuance of the bonds had been submitted to and approved by the electors of the unified district after its formation. C. The provisions of this section shall not be construed as authorizing indebtedness in excess of the percentage limitation as prescribed for a unified school district in article 9,  section 8.1,  Constitution of Arizona.
AZ Rev Stat § 35-452 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-452 - Election to authorize indebtedness; costs

35-452.  Election to authorize indebtedness;  costs A. The governing body or board of a political subdivision enumerated in section 35-451 may,  and upon petition signed by fifteen per cent of the qualified electors shall,  order an election by such electors to determine whether such indebtedness shall be authorized. The election shall be held on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d). B. If a majority of the qualified electors voting at the election votes in favor of creating an indebtedness such political subdivision may become so indebted. C. Bond counsel fees,  financial advisory fees,  printing costs and paying agent and registrar fees shall be paid from either the amount authorized by the qualified electors of the political subdivision or current operating funds. D. Bond election expenses shall be paid from current operating funds only.
AZ Rev Stat § 35-453 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-453 - Order for election

35-453.  Order for election A. The governing body or board of the political subdivision shall order the election to be held at the regular voting places within the limits of such subdivision on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d). B. If the election is to be held for creating an indebtedness by a county,  the order shall be made by the board of supervisors of the county in which the election will be held. C. The order shall state the object of the election,  and shall be prima facie evidence that all provisions necessary to give the order validity or qualify the governing body or board to make such order have been fully complied with.
AZ Rev Stat § 35-455 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-455 - Issuance and sale of bonds; call for election

35-455.  Issuance and sale of bonds;  call for election A. When the political subdivision designated in this article desires to issue bonds or other evidences of indebtedness,  the governing body or board thereof,  with the assent of a majority of the qualified electors therein voting at the election held as provided by section 35-454,  may issue and sell bonds in the amount authorized at the election. B. The call for the election shall set forth the aggregate amount of the bonds,  the maximum rate of interest to be paid thereon,  the minimum and maximum number of years bonds of any issue or series may run from their date,  the purposes for which the money derived from the sale of the bonds will be expended,  the current outstanding general obligation debt and the constitutional debt limitation of the political subdivision. C. Bonds of any issue or series of bonds voted under this section may run for any number of years not exceeding the longest period permitted by the voted proposition. D. The governing body or board may expend the monies received from the sale of the bonds only for the purposes stated in the ballot and for the necessary costs and expenses of the issuance and sale of the bonds. If an unexpended balance remains after satisfying the purposes of the bonds,  the balance shall be used to retire the bonded indebtedness.
AZ Rev Stat § 35-456 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-456 - Amount, denomination and form of bonds

35-456.  Amount,  denomination and form of bonds A. The governing body or board shall cause the bonds to be prepared in the amount and denominations authorized,  or whole multiples of such denominations,  bearing the date of issuance and numbered in a convenient manner. Bonds voted at one or more elections,  for one or more different purposes and subject to one or more debt limits may be combined into a single issue or series maturing at such times and containing such options for redemption prior to maturity,  with or without premium,  as the governing body or board may determine prior to the issuance of the bonds. On or before retirement of bonds of such a combined issue,  the governing body or board shall determine the voted purpose or purposes for which the bonds being retired were issued. This determination is conclusive in calculating the amount of bonds remaining outstanding for each such voted purpose and for calculating outstanding bonded indebtedness with respect to article IX,  sections 8 and 8.1,  Constitution of Arizona. B. The bonds shall be signed and attested: 1. When issued by the county,  by the chairman and the clerk of the board of supervisors. 2. When issued by a city or town,  by the mayor and the city clerk. 3. When issued by any other municipal corporation,  by the executive officer and clerk of the governing body of such corporation. Any signature may be affixed either by manual signature or by a facsimile reproduction of a manual signature if the signer adopts the facsimile reproduction as and for such person's actual signature. C. The corporate seal of any such political subdivision or municipal corporation may be affixed to the bonds either manually or by photographic reproduction. D. The bonds may be payable to bearer or may be in fully registered form without coupons and shall mature in not to exceed forty years from the date of their issuance. Coupons for the interest may be attached to each bearer bond bearing a facsimile of the signatures of the officers as they appear upon the bonds. E. The form,  including whether registrable as to principal or as to both principal and interest,  denomination and manner of execution of tax secured bonds issued pursuant to both this article and title 9,  chapter 5,  article 3 shall be governed by title 9,  chapter 5,  article 3. F. The governing body may employ registrars and transfer and paying agents to administer the bonds. All or any part of the costs of registration,  transfer and payment may be deducted from bond proceeds or may be treated as interest and such costs may be added to and paid from the proceeds of taxes levied to pay interest on the bonds.
AZ Rev Stat § 35-456.01 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-456.01 - Bonds; manual affixing of signatures

35-456.01.  Bonds;  manual affixing of signatures Wherever any statute requires that any bond issued by a public body be signed manually by two or more officers or other individuals,  all such signatures and counter signatures may be printed,  lithographed,  engraved,  or otherwise mechanically reproduced,  except that one of the signatures or counter signatures to the bonds shall be manually affixed.