Arizona Arizona Revised Statutes
§ 9-408 — Home equity conversion program; authorization; use of proceeds
ARS § 9-408Title 9. Cities and Towns · Ch. 4. GENERAL POWERS · Art. 1. Purchase, Sale or Lease of Property
Statute text
View on source9-408. Home equity conversion program; authorization; use of proceeds A. A city or town, by ordinance, may offer a home equity conversion program for persons sixty years of age or older. B. A city or town shall use any monies obtained from a home equity conversion program, after payment of all costs and expenses, on programs for senior citizens.