A.R.S. § 42-11103 — Exemption for government bonded indebtedness; application of procedural provisions

42-11103 . Exemption for government bonded indebtedness; application of procedural provisions A. Public debts as evidenced by the bonds of this state, counties, municipalities and other political subdivisions are exempt from taxation. B. Article 4 of this chapter does not apply to the exemption from taxation for public debts that are evidenced by bonds.