Arizona § 48-609 Deficiency in collections

Arizona Statutes

§ 48-609 — Deficiency in collections

Arizona § 48-609

Title 48Arizona Revised Statutes

Ch. 4MUNICIPAL IMPROVEMENT DISTRICTS

Art. 2General Public Improvements and Improvement Bonds

This text of Arizona § 48-609 (Deficiency in collections) 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. § 48-609 (2026).

Text

If there is a deficiency in the funds collected from the special assessments by reason of the inadequacy of the method of collection adopted by the municipality under section 48-608, the municipality shall make good the deficiency, reimbursing itself from the funds collected from the installments when they are received. If such method has not been adopted and the deficiency has not been funded by monies from a reserve, the municipality may, but is not so obligated, make good the deficiency by a temporary loan first from any reserve and any additional, similar fund and then from the general fund.

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If there is a deficiency in the funds collected from the special assessments by reason of the inadequacy of the method of collection adopted by the municipality under section 48-608, the municipality shall make good the deficiency, reimbursing itself from the funds collected from the installments when they are received. If such method has not been adopted and the deficiency has not been funded by monies from a reserve, the municipality may, but is not so obligated, make good the deficiency by a temporary loan first from any reserve and any additional, similar fund and then from the general fund.