Ariz. Rev. Stat. » Title 48
Arizona Revised Statutes

Ariz. Rev. Stat. § 48-681 (2026)

Borrowing power of cities and towns

✓ current as of May 2026
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An incorporated city or town, in addition to other powers conferred upon it by law, may borrow money and issue bonds for the purpose of improvement, construction, reconstruction, acquisition of rights of way or maintenance of municipal streets and highways.

Notes of Decisions
Cited in 1 case, 1997–1997 · leading case: City of Tucson v. Pima Cnty., 949 P.2d 38 (Ariz. Ct. App. 1997).
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City of Tucson v. Pima Cnty., 949 P.2d 38 (Ariz. Ct. App. 1997). · cites it 4× “A.R.S. § 48-681. Prior to this litigation, the Pima County Attorney issued an opinion stating that § 11-371 limits the use of County HURF revenue bonds to those streets and highways constructed and maintained by the County and located outside incorporated areas of the County.”
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