Arizona § 48-2411 Annual estimate of district expenditures

Arizona Statutes

§ 48-2411 — Annual estimate of district expenditures

Arizona § 48-2411

Title 48Arizona Revised Statutes

Ch. 17AGRICULTURAL IMPROVEMENT DISTRICTS

Art. 5Financial Provisions

This text of Arizona § 48-2411 (Annual estimate of district expenditures) 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. § 48-2411 (2026).

Text

A.The board of directors shall, on or before the first meeting of the board of supervisors in July each year, furnish the board of supervisors and the assessor of the county in which the district is located, or if the district is not entirely within the county, then as otherwise provided by this article, to the board of supervisors and assessor of each county in which any portion of the district is located, an estimate in writing of the amount of money needed for the purposes of the district for the ensuing fiscal year.

B.The amount shall be sufficient to raise the annual interest on the outstanding bonds, to pay the estimated cost of repair, the incidental expenses of the district, and in any year in which any bonds fall due, an amount sufficient to pay the principal of the outstanding

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A. The board of directors shall, on or before the first meeting of the board of supervisors in July each year, furnish the board of supervisors and the assessor of the county in which the district is located, or if the district is not entirely within the county, then as otherwise provided by this article, to the board of supervisors and assessor of each county in which any portion of the district is located, an estimate in writing of the amount of money needed for the purposes of the district for the ensuing fiscal year.

B. The amount shall be sufficient to raise the annual interest on the outstanding bonds, to pay the estimated cost of repair, the incidental expenses of the district, and in any year in which any bonds fall due, an amount sufficient to pay the principal of the outstanding bonds as they mature.

C. If the revenues of the district are sufficient to discharge such obligations without the levy of a tax, the district shall certify that fact to the board of supervisors, and the filing of the budget shall not be required.