Arizona § 48-556 Issuance of bonds on revised assessment; increase or decrease of amount assessed; invalid assessments

Arizona Statutes

§ 48-556 — Issuance of bonds on revised assessment; increase or decrease of amount assessed; invalid assessments

Arizona § 48-556

Title 48Arizona Revised Statutes

Ch. 4MUNICIPAL IMPROVEMENT DISTRICTS

Art. 1Opening, Widening and Closing Public Ways

This text of Arizona § 48-556 (Issuance of bonds on revised assessment; increase or decrease of amount assessed; invalid assessments) 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. § 48-556 (2026).

Text

A.Bonds shall be issued for the amount determined and assessed by the appraisers as revised by the governing body, and assessments for the amount shall remain of record in the office of the superintendent of streets. The assessments shall be payable in installments, as provided by the original proceedings.

B.If the proceedings in the superior court result in increasing the amount necessary to pay compensation and damages assessed, the governing body shall levy an additional assessment upon the parcels of land included in the assessment. The additional assessment shall be apportioned among the several parcels of land included in the assessment in the same proportion as the assessments approved by the governing body.

C.If the proceedings in the superior court result in decreasing the am

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A. Bonds shall be issued for the amount determined and assessed by the appraisers as revised by the governing body, and assessments for the amount shall remain of record in the office of the superintendent of streets. The assessments shall be payable in installments, as provided by the original proceedings.

B. If the proceedings in the superior court result in increasing the amount necessary to pay compensation and damages assessed, the governing body shall levy an additional assessment upon the parcels of land included in the assessment. The additional assessment shall be apportioned among the several parcels of land included in the assessment in the same proportion as the assessments approved by the governing body.

C. If the proceedings in the superior court result in decreasing the amount necessary to pay compensation and damages, the amount of decrease shall be prorated among the parcels assessed and credited on the taxes of the city or town assessed on the respective parcels.

D. If for any reason any or all assessments against which bonds are issued under the provisions of this article are held invalid, the governing body shall levy a new assessment against the parcel or parcels of land against which the assessments have been held invalid for the amount required to subject such parcel or parcels to the proper proportion of the benefits derived by it from the improvement.