# A.R.S. § 30-1005: 30-1005 Transition bonds; issuance; authority of qualified special purpose entity; reimbursement of costs

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1005

## Section

- **Citation:** A.R.S. § 30-1005
- **Heading:** 30-1005 Transition bonds; issuance; authority of qualified special purpose entity; reimbursement of costs
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 30 / Chapter 8 / Article 1 / Section 1005

## Text

30-1005. Transition bonds; issuance; authority of qualified special purpose entity; reimbursement of costs

A. After approval of a financing resolution pursuant to section 30-1003, a qualified special purpose entity is authorized to issue one or more series, classes or tranches of transition bonds and to pledge transition property to secure the payment of ongoing financing costs.  On issuance of the transition bonds, the qualified special purpose entity shall transfer to the public power entity the net proceeds of the transition bonds minus the up-front financing costs paid by the qualified special purpose entity.

B. The approval of a financing resolution does not obligate a public power entity or a qualified special purpose entity to engage in the approved transaction, and neither a public power entity nor a qualified special purpose entity shall be subject to any regulatory conditions, regulatory sanctions or other penalties for not engaging in an approved transaction.  If the qualified special purpose entity determines not to issue transition bonds authorized by a financing resolution, the public power entity shall reimburse the qualified special purpose entity for any costs paid by the qualified special purpose entity that would have constituted up-front financing costs had the transition bonds been issued, except that delaying the issuance of transition bonds pending final resolution of any appeals from the financing resolution or any legal challenges to this chapter is not deemed to be such a determination.

## Nearby sections

- [A.R.S. § 30-1001 30-1001 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1001.md)
- [A.R.S. § 30-1002 30-1002 Statement of public policy](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1002.md)
- [A.R.S. § 30-1003 30-1003 Securitization transactions; public meeting; notice; securitization proposal; financing resolution adoption](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1003.md)
- [A.R.S. § 30-1004 30-1004 Transition property; property rights; default on transition bonds](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1004.md)
- [A.R.S. § 30-1005 30-1005 Transition bonds; issuance; authority of qualified special purpose entity; reimbursement of costs](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1005.md)
- [A.R.S. § 30-1006 30-1006 Transition property; security interest; lien; priority](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1006.md)
- [A.R.S. § 30-1007 30-1007 Financing charges; true-up mechanism; civil action](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1007.md)
- [A.R.S. § 30-1008 30-1008 Public power entity as servicer; transition billing services tariffs; AAA rating](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1008.md)
- [A.R.S. § 30-1009 30-1009 Transition bonds; irrevocability; public policy; noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1009.md)
- [A.R.S. § 30-1010 30-1010 Financing resolution; application for rehearing; judicial review](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1010.md)
- [A.R.S. § 30-1011 30-1011 Fees and taxes](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1011.md)
- [A.R.S. § 30-1012 30-1012 Transition bonds; public debt prohibition](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1012.md)
- [A.R.S. § 30-1013 30-1013 Transition bonds; legal investments](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1013.md)
- [A.R.S. § 30-1014 30-1014 Obligations of successor to public power entity](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1005. Check the current official text before relying on it. Not legal advice.