9-513. Lease of privately owned utility A. When it is impracticable to issue bonds as provided by section 9-512 for an improvement or enterprise deemed necessary for the public welfare, the municipal corporation may lease at a stipulated rental a public improvement or utility. B. The rental contract shall reserve to the municipal corporation the option to purchase the improvement or utility in the future.
Arizona Legal Code
§ 9.513
Source: https://www.azleg.gov/ars/9/00513.htm· Version 2026