A local government may not acquire an ownership interest in a video service network unless the ownership interest is acquired at not less than fair market value.

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Terms Used In Arizona Laws 9-1444

  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Local government: means any city, including a charter city, or town. See Arizona Laws 9-1401
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