Arizona § 48-1917 Capital outlays

Arizona Statutes

§ 48-1917 — Capital outlays

Arizona § 48-1917

Title 48Arizona Revised Statutes

Ch. 13HOSPITAL DISTRICTS

Art. 1General Provisions

This text of Arizona § 48-1917 (Capital outlays) 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. § 48-1917 (2026).

Text

A.The board of directors may establish a fund for capital outlays. After a capital outlay fund is created, the board of directors may transfer to the fund any unincumbered surplus funds remaining on hand in the district at the end of a fiscal year.

B.When a capital outlay fund is established, it shall be used only for capital outlay purposes, but the board of directors may, by a four - fifths vote of all members, if it finds that the fund is no longer necessary or that there remain in the fund monies which are no longer required for capital outlay purposes, discontinue the fund or transfer as much of it as is no longer required for capital outlay purposes to the payment of outstanding bonds, or if there are none, to any fund for payment of current expenses of the district.

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A. The board of directors may establish a fund for capital outlays. After a capital outlay fund is created, the board of directors may transfer to the fund any unincumbered surplus funds remaining on hand in the district at the end of a fiscal year.

B. When a capital outlay fund is established, it shall be used only for capital outlay purposes, but the board of directors may, by a four - fifths vote of all members, if it finds that the fund is no longer necessary or that there remain in the fund monies which are no longer required for capital outlay purposes, discontinue the fund or transfer as much of it as is no longer required for capital outlay purposes to the payment of outstanding bonds, or if there are none, to any fund for payment of current expenses of the district.