Arizona § 42-17401 Elderly assistance fund; primary school district tax reduction; definition

Arizona Statutes

§ 42-17401 — Elderly assistance fund; primary school district tax reduction; definition

Arizona § 42-17401

Title 42Arizona Revised Statutes

Ch. 17LEVY

Art. 8Elderly Assistance

This text of Arizona § 42-17401 (Elderly assistance fund; primary school district tax reduction; definition) 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. § 42-17401 (2026).

Text

A.An elderly assistance fund shall be established by the board of supervisors in a county with a population of more than two million persons to be administered by the county treasurer. The fund shall be used to reduce the primary school district taxes pursuant to subsection C of this section.

B.The board of supervisors shall spend any unspent monies that remain in the elderly assistance fund from and after December 31, 2015 solely on the elderly assistance program. Any subsequent appropriations made to the elderly assistance fund shall also be spent solely on the elderly assistance program.

C.On June 30 of each year, the county treasurer shall determine the total amount of monies in the elderly assistance fund and the total number of qualified individuals who live in the county. The

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

A. An elderly assistance fund shall be established by the board of supervisors in a county with a population of more than two million persons to be administered by the county treasurer. The fund shall be used to reduce the primary school district taxes pursuant to subsection C of this section.

B. The board of supervisors shall spend any unspent monies that remain in the elderly assistance fund from and after December 31, 2015 solely on the elderly assistance program. Any subsequent appropriations made to the elderly assistance fund shall also be spent solely on the elderly assistance program.

C. On June 30 of each year, the county treasurer shall determine the total amount of monies in the elderly assistance fund and the total number of qualified individuals who live in the county. The county treasurer shall use the monies in the fund to proportionately reduce the primary school district taxes that are levied against the property of all qualified individuals in the county for the following tax year.

D. The county treasurer shall invest monies in the fund. Interest earned on fund monies shall be deposited in the taxpayer's information fund established by section 11-495.

E. For the purposes of this section, "qualified individual" means an individual who lives in an organized school district and who is approved for the property valuation protection option pursuant to article IX, section 18, subsection (7), Constitution of Arizona.