Arizona to Vote on Boost in Bonding Capacity

Watts, Jim
August 2006
Bond Buyer;8/1/2006, Vol. 358 Issue 32435, p1
Trade Publication
The article reports that voters in Arizona will be asked in November 2006 to increase the general obligation (GO) bonding capacity available to local governments for transportation and public safety projects. Passed by the Legislature on the final day of its 2006 session, Proposition 104 would amend Article IX, Section 8 of the state constitution so that cities, towns, counties, and rural fire and emergency districts could issue GO bonds for those purposes at up to 20% of the secondary property valuations.


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