When the committee has acquired jurisdiction under this article, and during the continuance thereof, no bond interest coupon shall be received or accepted in payment or discharge of any district tax other than and except for the payment of taxes levied for the payment and satisfaction of bond interest or bond principal.
A.R.S. § 48-3256
Acceptance of bond interest coupons by committee
Applied in 1 court decision — leading case 84 Fed. Cl. 786 - San Carlos Irrigation & Drainage District v. United States (2008)
Most recently applied in 84 Fed. Cl. 786 - San Carlos Irrigation & Drainage District v. United States (December 2008)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.