Ariz. Rev. Stat. § 48-682
Current through L. 2024, ch. 259
When the governing body of an incorporated city or town determines to borrow money under the provisions of this article, the question of issuing bonds under this article shall be submitted to the qualified electors of the municipality. No bonds shall be issued without the assent of a majority of such qualified electors voting at an election held for that purpose as provided in this article.
A.R.S. § 48-682