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Arizona Arizona Revised Statutes

§ 11-251.01 — Conveyance to nonprofit housing corporation

ARS § 11-251.01Title 11. Counties · Ch. 2. BOARD OF SUPERVISORS · Art. 4. Powers and Duties

Statute text

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11-251.01. Conveyance to nonprofit housing corporation The board of supervisors may convey any land and improvements thereon owned by the county directly and without compliance with the provisions of paragraph 9 of section 11-251 to a nonprofit corporation which operates housing units limited to those which are federally financed or sponsored. Such title so conveyed shall remain with the nonprofit corporation until such time as the bonded indebtedness incurred and due to the United States government or an agency thereof, is paid and at which time title to such land and the improvements thereon shall revert to the county.

Source: Arizona Arizona Revised Statutes § 11-251.01 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.