Arizona § 48-3446 Powers and duties of board; issue of time warrants

Arizona Statutes

§ 48-3446 — Powers and duties of board; issue of time warrants

Arizona § 48-3446

Title 48Arizona Revised Statutes

Ch. 20IRRIGATION WATER DELIVERY DISTRICTS

Art. 3Administration

This text of Arizona § 48-3446 (Powers and duties of board; issue of time warrants) 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. § 48-3446 (2026).

Text

A.The board may borrow money, incur indebtedness and issue warrants against the district treasurer for the payment of the compensation of employees, purchase of material or equipment, payment of obligations of the district incurred under contracts for water service or other district expense.

B.The board may issue time warrants when and if required for any of such purposes in anticipation of the collection of taxes. The time warrants shall be registered, on request of the holder, with the treasurer, and shall bear interest at the rate of seven per cent per annum from the date of registration until paid.

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A. The board may borrow money, incur indebtedness and issue warrants against the district treasurer for the payment of the compensation of employees, purchase of material or equipment, payment of obligations of the district incurred under contracts for water service or other district expense.

B. The board may issue time warrants when and if required for any of such purposes in anticipation of the collection of taxes. The time warrants shall be registered, on request of the holder, with the treasurer, and shall bear interest at the rate of seven per cent per annum from the date of registration until paid.