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Home » US Law » 2022 Arizona Revised Statutes » Title 48 - Special Taxing Districts » Article 2 - County Improvement Districts-Alternate Procedure for Assessing and Financing Proposed Improvements and Providing for the Issuance of Bonds Prior to Construction of Improvements

§ 48-981 – In general

48-981. In general A. The provisions of this article are alternative and supplemental to article 1 of this chapter, and are intended to provide economies in the costs of local improvements to property owners by providing for contractors to be paid in cash rather than by being paid with warrants and bonds issued pursuant to […]

§ 48-982 – Protests; hearing; determinations

48-982. Protests; hearing; determinations A. Written protests may be filed as to the matters provided in sections 48-917, 48-918 and 48-928, except as to the performance of improvement work, within the time provided in section 48-917, and thereafter the curative provisions of section 48-928, except as to the performance of improvement work, shall be applicable. […]

§ 48-983 – Payment of assessments; issuance and sale of bonds

48-983. Payment of assessments; issuance and sale of bonds A. Following the recording of the diagram and assessment as provided in section 48-927, the clerk shall give notice of the day the assessment was recorded, that the assessments may be paid to the treasurer in cash within thirty days, and, if bonds are to be […]

§ 48-984 – Annual assessment installments

48-984. Annual assessment installments A. Annual installments of principal and interest of the assessments shall be collected on the county tax roll in the manner provided in section 48-946 and the provisions of sections 48-947 and 48-952 shall apply. B. The annual installments of the assessments shall constitute a first lien on the respective lots […]

§ 48-985 – Prepayment of assessment

48-985. Prepayment of assessment A. An owner may elect to pay the total amount of the assessment levied on a lot or tract of land owned by him, or the unpaid balance thereof if a part has been paid. B. When an owner has prepaid an assessment on any lot or tract of land, such […]

§ 48-986 – Advancing maturity of bonds

48-986. Advancing maturity of bonds A. When the treasurer determines that, by reason of the prepayment of an assessment or assessments as provided in section 48-985, a bond or bonds may be called, proceedings shall be had as provided in this section. B. The treasurer shall advance the maturity of bonds in the amount determined […]

§ 48-986.01 – Limited infrastructure construction finance revolving fund; definition

48-986.01. Limited infrastructure construction finance revolving fund; definition A. The board of supervisors may establish a revolving fund in the county treasury to finance infrastructure construction in the unincorporated areas of the county. The board may provide for payments into the fund from any lawful source including payments from the county general fund, payments from […]

§ 48-987 – Modifications

48-987. Modifications A. During the pendency of a proceeding, changes and modifications may be made by the board in the acquisitions or improvements, the cost estimate, the diagram, the boundaries of the assessment district, the extent or apportionment of the assessments, or in the proceedings. B. Unless requested by such owner in writing, no change […]