Arizona § 42-17108 Encumbering municipal monies to pay obligations after close of fiscal year

Arizona Statutes

§ 42-17108 — Encumbering municipal monies to pay obligations after close of fiscal year

Arizona § 42-17108

Title 42Arizona Revised Statutes

Ch. 17LEVY

Art. 3Local Government Budgeting Process

This text of Arizona § 42-17108 (Encumbering municipal monies to pay obligations after close of fiscal year) 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. § 42-17108 (2026).

Text

A.A city or town may encumber monies at the end of a fiscal year for any liabilities incurred during that fiscal year and still outstanding at the end of the fiscal year.

B.Payments may be made from encumbered monies for a period of sixty days immediately after the end of the fiscal year. After the expiration of the sixty day period:

1.Any remaining encumbered balance lapses.

2.No further payments may be made from the budget of the preceding fiscal year.

Free access — add to your briefcase to read the full text and ask questions with AI

A. A city or town may encumber monies at the end of a fiscal year for any liabilities incurred during that fiscal year and still outstanding at the end of the fiscal year.

B. Payments may be made from encumbered monies for a period of sixty days immediately after the end of the fiscal year. After the expiration of the sixty day period:

1. Any remaining encumbered balance lapses.

2. No further payments may be made from the budget of the preceding fiscal year.