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Home » US Law » 2022 Arizona Revised Statutes » Title 48 - Special Taxing Districts » Article 6 - Community Facilities Districts

§ 48-721 – Special assessments; special assessment bonds

48-721. Special assessments; special assessment bonds A. The district board, by resolution and pursuant to the procedures prescribed by sections 48-576 through 48-589, as nearly as practicable, or such other procedures as the district board provides, may levy an assessment of the costs of any public infrastructure purpose, any operation and maintenance of public infrastructure […]

§ 48-722 – Terms of bonds

48-722. Terms of bonds A. Notwithstanding article 2 of this chapter, with respect to any bonds the district board shall prescribe the denominations of the bonds, the size of each issue and the form of the bonds and shall establish the maturities, interest payment dates and interest rates, whether fixed or variable, not exceeding the […]

§ 48-723 – District taxes; annual financial estimate and budget

48-723. District taxes; annual financial estimate and budget A. Except as provided in subsection D of this section and at any time after the hearing on formation of the district, the district board, or, if before formation, the governing body, may call an election to submit to the qualified electors of the district or to […]

§ 48-724 – Dissolution of district

48-724. Dissolution of district A. The district may be dissolved by the district board by a resolution of the district board if the following conditions exist: 1. All of the property owned by the district has been or will be conveyed to the municipality, county or school district. 2. Either the district has no obligations […]

§ 48-725 – Wastewater treatment or drinking water facility and nonpoint source projects; loan repayment agreements; definitions

48-725. Wastewater treatment or drinking water facility and nonpoint source projects; loan repayment agreements; definitions A. Notwithstanding any other law, a community facilities district may construct, acquire or improve a wastewater treatment facility, drinking water facility or nonpoint source project with monies borrowed from or financial assistance including forgivable principal provided by the water infrastructure […]

§ 48-726 – Jurisdictional limitation; organizational documents

48-726. Jurisdictional limitation; organizational documents The governing body of the jurisdiction in which the district is to be located may not require the petitioner to increase the infrastructure elements, debt limit or duration of the district beyond the levels and limits set out in the petition and the associated documents that are submitted for the […]

§ 48-727 – District website; district records database

48-727. District website; district records database A. The district board shall establish and maintain an official website that is electronically searchable by the public and that contains a comprehensive database of district contracts, public notices, meeting minutes, resolutions and accounts showing all monies received and disbursed, the annual budget and other records required to be […]

§ 48-728 – Public infrastructure acceptance; bond

48-728. Public infrastructure acceptance; bond A. On completion of a discrete segment of public infrastructure, the individual or entity constructing the discrete segment of public infrastructure may submit a letter of completion to the governing body. Within thirty days after receiving a letter of completion, the governing body, or the governing body’s designee, shall conduct […]

§ 48-729 – District board composition reconciliation; petition

48-729. District board composition reconciliation; petition A. For districts that are formed after August 9, 2017 and for which the district board consists of the governing body of the municipality or county, ex officio, with two additional district board members who were initially designated by an owner who owned the largest amount of privately owned […]