Arizona § 48-4885 Accounting classifications; bond fund; general fund

Arizona Statutes

§ 48-4885 — Accounting classifications; bond fund; general fund

Arizona § 48-4885

Title 48Arizona Revised Statutes

Ch. 28ACTIVE MANAGEMENT AREA WATER DISTRICT

Art. 4Financial Provisions

This text of Arizona § 48-4885 (Accounting classifications; bond fund; general fund) 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. § 48-4885 (2026).

Text

A.The secretary-treasurer of the district shall establish appropriate accounting classifications and designations in the district accounting records to provide for accurate and systematic control and allotment of all monies received.

B.The secretary-treasurer shall maintain a bond fund and a general fund of the district and shall apportion all monies received into the fund corresponding with the purpose for which the monies were received. The secretary-treasurer may invest inactive monies from either the general fund or the bond fund and shall credit income earned on the investments to the respective fund.

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A. The secretary-treasurer of the district shall establish appropriate accounting classifications and designations in the district accounting records to provide for accurate and systematic control and allotment of all monies received.

B. The secretary-treasurer shall maintain a bond fund and a general fund of the district and shall apportion all monies received into the fund corresponding with the purpose for which the monies were received. The secretary-treasurer may invest inactive monies from either the general fund or the bond fund and shall credit income earned on the investments to the respective fund.