The Authority & Maricopa County

The Authority's Relationship
to Maricopa County
The Maricopa County Board of Supervisors is the governing body for the sixth largest county in the United States. Each member represents one of five supervisorial districts, which are divided geographically and by population to include a mix of urban and rural constituencies.

The Board of Supervisors appoints the Board of Directors for the Authority. The Board of Supervisors and the Board of Directors for the Authority then work together to consider and approve the issuance of bonds.

Once the Authority preliminarily approves an application, Bond Counsel prepares the financing documents and the financing participants review the materials.
 
When the participants approve these financing documents, the matter goes back for final approval before the Authority and the Supervisors. If they both grant final approval, the financing documents are executed and the bonds are issued, sold and delivered by the Authority.

This process has worked efficiently for nearly 30 years and has successfully assisted in increasing affordable housing, creating jobs and enhancing the State's economic vitality.