9-408. 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.
Arizona Legal Code
§ 9.408
Source: https://www.azleg.gov/ars/9/00408.htm· Version 2026