Arizona § 15-1468 Equalization aid for community college districts

Arizona Statutes

§ 15-1468 — Equalization aid for community college districts

Arizona § 15-1468

Title 15Arizona Revised Statutes

Ch. 12COMMUNITY COLLEGES

Art. 4Community College District Finance

This text of Arizona § 15-1468 (Equalization aid for community college districts) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 15-1468 (2026).

Text

A.Subject to legislative appropriation, any district that is organized pursuant to section 15-1402 and that has less than the amount of primary assessed valuation prescribed in section 15-1402 shall be paid by this state an amount equal to the following:

1.The difference between the prior year's actual primary assessed valuation of the district and the amount of primary assessed valuation prescribed in section 15-1402.

2.The actual prior year's primary property tax rate for the district.

3.The difference determined in paragraph 1 multiplied by the lesser of the tax rate determined in paragraph 2 or one dollar thirty-seven cents.

B.The equalization aid provided for in subsection A of this section shall be used for the same purposes specified in section 15-1462 and shall be apportio

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A. Subject to legislative appropriation, any district that is organized pursuant to section 15-1402 and that has less than the amount of primary assessed valuation prescribed in section 15-1402 shall be paid by this state an amount equal to the following:

1. The difference between the prior year's actual primary assessed valuation of the district and the amount of primary assessed valuation prescribed in section 15-1402.

2. The actual prior year's primary property tax rate for the district.

3. The difference determined in paragraph 1 multiplied by the lesser of the tax rate determined in paragraph 2 or one dollar thirty-seven cents.

B. The equalization aid provided for in subsection A of this section shall be used for the same purposes specified in section 15-1462 and shall be apportioned to any qualifying district pursuant to section 15-1467.

C. This section does not apply to community college districts organized pursuant to section 15-1402.01 or to community college tuition financing districts as prescribed in section 15-1409.