The board of supervisors may terminate an authority established under this chapter if it determines that the authority is no longer in the public interest, convenience or necessity. The termination procedures are the same as prescribed in section 11-701 for establishing the authority. The termination is effective from and after the following June 30. On termination the county assumes all outstanding liabilities and obligations and acquires all assets of the authority.
A.R.S. § 11-706
Termination of the authority
Applied in 1 court decision — leading case 340 F. Supp. 303 - Universal Surety Co. v. Lescher & Mahoney, Architect & Engineers (1972)
Most recently applied in 340 F. Supp. 303 - Universal Surety Co. v. Lescher & Mahoney, Architect & Engineers (February 1972)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.