Arizona § 48-4464 District member's replenishment account; statements; credits

Arizona Statutes

§ 48-4464 — District member's replenishment account; statements; credits

Arizona·Title 48 Arizona Revised Statutes·Ch. 27 GROUNDWATER REPLENISHMENT DISTRICTS·Art. 3 Powers and Duties

A.The district shall establish and maintain a replenishment account for each district member. After the district computes each member's replenishment obligation, the district shall adjust the existing balance in the member's replenishment account as follows:

1.Debit the member's replenishment account in the amount of the member's replenishment obligation as computed under section 48-4463.

2.Credit the member's replenishment account in an amount equal to any replenishment services pursuant to sections 48-4470, 48-4472 and 48-4501 that the member purchased during the reporting year.

B.On or before May 15 of each year, the district shall issue to each member:

1.An account statement of the balance in the member's account as of December 31 of the reporting year.

2.A credit certificat

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A. The district shall establish and maintain a replenishment account for each district member. After the district computes each member's replenishment obligation, the district shall adjust the existing balance in the member's replenishment account as follows:

1. Debit the member's replenishment account in the amount of the member's replenishment obligation as computed under section 48-4463.

2. Credit the member's replenishment account in an amount equal to any replenishment services pursuant to sections 48-4470, 48-4472 and 48-4501 that the member purchased during the reporting year.

B. On or before May 15 of each year, the district shall issue to each member:

1. An account statement of the balance in the member's account as of December 31 of the reporting year.

2. A credit certificate to each member that has a net credit balance in its account. The certificate shall state the net credit in the member's account.

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