A.R.S. § 28-8417: Payment for real property; bonds

The purchase price for real property acquired for an airport may be paid from either:

1. Monies available for the purchase.

2. Wholly or partially from proceeds of the sale of bonds of the city, town or county as the governing body determines, subject to the adoption of a proposal for and the approval of the sale of bonds at an election and in the manner provided for the authorization and issuance of bonds for public purposes generally.