A city or town shall not acquire an ownership interest in any commercial cable television system unless the ownership interest is acquired at not less than fair market value.
A.R.S. § 9-509
Municipal ownership
Applied in 1 court decision — leading case Catalina Cablevision Associates v. City of Tucson (1984)
Most recently applied in Catalina Cablevision Associates v. City of Tucson (October 1984)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.