§ 48-6404 – District as municipal corporation; exemption from taxation; judicial review
48-6404. District as municipal corporation; exemption from taxation; judicial review A. The district is a public improvement district of this state and a municipal corporation to the extent of the powers, privileges and immunities conferred by this chapter or granted generally to municipal corporations by the constitution and statutes of this state, including the immunities […]
§ 48-6405 – Board; members; terms; compensation
48-6405. Board; members; terms; compensation A. Beginning thirty days after the date on which the board of directors is elected, the district shall be administered by a board of directors of seven persons who shall be qualified electors of the district. B. A board of directors shall be elected as prescribed in this section. After […]
§ 48-6406 – Formation election; tax authorization; election of board members
48-6406. Formation election; tax authorization; election of board members A. The county board of supervisors of a county in which the upper San Pedro water district is authorized pursuant to section 48-6403, on request of the organizing board of the district appointed pursuant to section 48-6416, may submit to a vote of the qualified electors […]
§ 48-6278 – Bond purchase; cancellation
48-6278. Bond purchase; cancellation (Conditionally Rpld.) The board may purchase bonds for cancellation, using any available monies, at a price not exceeding the following: 1. If the bonds are redeemable at the time of purchase, the applicable redemption price plus accrued interest to the next interest payment date. 2. If the bonds are not redeemable […]
§ 48-6407 – Board meetings; notice
48-6407. Board meetings; notice A. The board shall hold regular meetings every calendar quarter and additional meetings on the call of the chairperson or a majority of the members of the board. The secretary-treasurer shall give at least three days’ notice of each meeting to each member of the board in addition to the public […]
§ 48-6279 – Payment of bonds
48-6279. Payment of bonds (Conditionally Rpld.) A. The bonds shall be paid solely from monies in the debt service account. B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds. C. The fiscal agent of the district shall cancel all bonds when […]
§ 48-6408 – Powers and duties of the board
48-6408. Powers and duties of the board A. The board shall determine its organizational and procedural structure, adopt, amend or repeal bylaws, rules and forms consistent with the requirements of this chapter and prescribe a system of accounts. B. The board may: 1. Manage and conduct the business and affairs of the district. 2. Make […]
§ 48-6280 – Use of surplus monies
48-6280. Use of surplus monies (Conditionally Rpld.) A. If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid: 1. The board shall credit the balance to repay any other outstanding indebtedness of the district. 2. If the district has no outstanding indebtedness, the board shall credit […]
§ 48-6409 – Water development and management; technical assistance and review by director of water resources
48-6409. Water development and management; technical assistance and review by director of water resources A. For purposes of achieving the goal of the district as described in section 48-6403, the district through its board shall do the following consistent with section 48-6410: 1. Modify the district’s comprehensive plan at least every ten years to include […]
§ 48-6281 – Investment of monies in the bond proceeds account
48-6281. Investment of monies in the bond proceeds account (Conditionally Rpld.) A. The board may authorize the district fiscal agent to invest monies in the bond proceeds account in the manner prescribed by section 48-6283. B. The order directing an investment shall state a date on which the proceeds from the sale of the bonds […]