Municipal corporations in Arizona are prohibited from what practice?

In Arizona, municipal corporations face restrictions when it comes to establishing exclusive franchises. This means that local governments cannot create monopolies over certain services or industries, which helps to promote competition and ensure that residents have access to services from different providers. The prohibition against exclusive franchises is intended to prevent abuse of power and ensure that residents are not limited to a single provider, encouraging a healthy market environment.

The other practices listed—creating local regulations, issuing bonds, and collecting taxes—are generally within the purview of municipal corporations in Arizona. These entities are empowered to govern their own regulations, raise funds through bonds for public projects, and impose taxes to support local government functions. Thus, the key point here is the emphasis on promoting competition by prohibiting exclusive franchises, thereby fostering a more equitable and accessible service landscape for residents.