When a district has outstanding bonds, coupons or other evidences of indebtedness, the payment thereof may be provided for by the issuance of new bonds or refunding bonds in the manner prescribed by this article.
A.R.S. § 48-2771
Authority to refund indebtedness
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.