11-264.03 - Arizona Statutes

11-264.03. Exemptions A. Bonds issued pursuant to this article are exempt from any and all statutory debt limitations and budget requirements applicable to a county. B. Until payment of all bonds issued for sewer construction, acquisition or improvement and the expiration of the fiscal year in which the bonds are paid in full, neither the receipts from operation of the sewerage system nor expenditures from sources other than taxes, in connection with the operation of such sewerage system including debt service on bonds shall be subject to the provisions of title 42.