reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-5567 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5567 - Reserves; tax to replenish reserve

48-5567.  Reserves;  tax to replenish reserve A. Bonds that are issued under this article may contain a provision requiring the establishment of a reserve or reserves in an amount that does not exceed the requirements of principal and interest payments for the two years during the life of the bonds requiring the largest amount of principal and interest payments. The district shall maintain the reserve during the life of the bond issue to protect against any deficiency in tax collections. B. If it becomes necessary to withdraw monies from the reserve to protect against any deficiency,  the board of directors shall certify to the county board of supervisors and the board of supervisors shall levy a tax on all taxable property in the district in an amount that is sufficient to maintain the reserve fund in an amount equal to the original amount deposited in the reserve fund. In making the certification for the payment of principal and interest for the last year when the bonds mature,  the board of directors shall take into consideration the amount of monies then in the reserve fund and shall certify an amount sufficient to pay the principal and interest on the bonds,  less the amount then in the reserve fund.
AZ Rev Stat § 48-5568 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5568 - Limit of bonded indebtedness

48-5568.  Limit of bonded indebtedness A special health care district shall not incur a bonded indebtedness exceeding ten per cent of the net assessed value of all taxable property in the district as shown by the last assessment roll of the county.
AZ Rev Stat § 48-5570 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5570 - Capital outlay fund

48-5570.  Capital outlay fund A. The board of directors may establish a fund for capital outlays. After a capital outlay fund is established,  the board of directors may transfer to the fund any unencumbered surplus monies remaining on hand in the district at the end of a fiscal year. B. If a capital outlay fund is established,  it shall be used only for capital outlay purposes,  but if the board of directors finds that the fund is no longer necessary or that monies remain in the fund that are no longer required for capital outlay purposes,  the board of directors,  by a four-fifths vote of all members,  may discontinue the fund or transfer as much of it as is no longer required for capital outlay purposes to the payment of outstanding bonds,  or if there are none,  to any fund for payment of current expenses of the district.
AZ Rev Stat § 48-5571 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5571 - County reimbursement; special health care districts

48-5571.  County reimbursement;  special health care districts In a county with a special health care district that is subject to section 48-5541.01,  the county shall reimburse the special health care district for any services provided.
AZ Rev Stat § 48-6251 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6251 - Annual budget

48-6251.  Annual budget (Conditionally Rpld.) A. On or before June 30 of each year,  the board shall hold a public hearing to adopt a budget for the following fiscal year that includes: 1. District receipts during the preceding fiscal year. 2. Expenditures during the preceding fiscal year. 3. Estimates of amounts necessary for expenses during the following fiscal year,  including amounts proposed for: (a) Costs of planning,  constructing,  financing and maintaining the district's facilities. (b) Administrative costs of the district. 4. Anticipated revenue to the district from each source in the following fiscal year. 5. A complete asset and liability statement. 6. A statement of profit or loss. 7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year. 8. An itemized statement of commitments,  reserves and anticipated obligations for the following fiscal year. 9. A description of the amount and nature of private funding and financing committed to theme park purposes as required by section 48-6272,  subsection D. B. The board may amend the budget on a finding of good cause.
AZ Rev Stat § 48-6252 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6252 - General fund; investments

48-6252.  General fund;  investments (Conditionally Rpld.) A. The district shall maintain a general fund and may establish accounts and subaccounts within the general fund as necessary and convenient. All revenues and monies received by the district shall be deposited in the general fund. B. The district may invest any unexpended monies in the fund as provided in title 35,  chapter 2. Interest and other income from investments of monies in any account shall be credited to that account except as otherwise provided by law. C. The district's investments must mature when the fund assets will be required for the purposes of this chapter. If the liquid assets in the fund become insufficient to meet the district's obligations,  the board shall direct the fiscal agent to liquidate sufficient securities to meet all of the current obligations and immediately notify the auditor general of the insufficiency. The auditor general shall investigate and audit the circumstances surrounding the depletion of the fund and report the findings to the board.
AZ Rev Stat § 48-6253 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6253 - Transaction privilege tax; administration; expiration

48-6253.  Transaction privilege tax;  administration;  expiration (Conditionally Rpld.) A. The district shall levy a transaction privilege tax on business activity in the district that is subject to taxation under title 42,  chapter 5. The tax shall be levied at up to a maximum rate of nine percent of the gross proceeds of sales or gross income derived from the business,  including admission and user fees. The board may use its discretion in approving differing percentage rates for the tax imposed pursuant to this section that may vary by type of tangible personal property sold or by revenue source. B. The board may not approve a tax rate that is less than nine percent for a theme park if all of the following apply: 1. The total amount of bonds sold for the theme park is less than $300, 000, 000. 2. The theme park is less than twenty acres. 3. The theme park contains less than one million square feet of buildings or other improvements. C. The tax imposed pursuant to this section is in addition to transaction privilege and use taxes imposed by this state pursuant to title 42,  chapter 5 and any county,  city,  town or other local transaction privilege tax.  D. Unless the context otherwise requires,  section 42-6102 governs the administration of the tax imposed under this section. E. Each month the state treasurer shall remit to the district the net revenues collected under this section during the preceding month. The district shall deposit the monies in the district's general fund. F. The tax imposed pursuant to this section expires when all bonds,  interest and other charges related to bonds issued under article 4 of this chapter have been paid. The district shall immediately notify the department of revenue when those expenses have been satisfied. Any amounts collected after payment of the bonds,  interest and related charges,  after audit by the auditor general,  shall be retained or remitted by the state treasurer and credited to the state general fund.
AZ Rev Stat § 48-6254 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6254 - Voluntary payments in lieu of property taxes

48-6254.  Voluntary payments in lieu of property taxes (Conditionally Rpld.) A. The board may provide for voluntary payments of money to taxing jurisdictions in which district property is located in lieu of taxes otherwise levied by those jurisdictions. B. If the board elects to make direct payments under this section to any taxing jurisdiction in any tax year: 1. On or before April 1,  the board shall notify the county assessor of the county in which the property is located of its election to make a payment under this section. 2. The board shall pay to the county treasurer one-half of the amount not later than the first Monday in November and the other one-half not later than the first Monday in May of the next year. C. The board shall make any direct payments under this section from any unrestricted and unencumbered monies in the general fund. The payments are considered to be an operating expense of the district.
AZ Rev Stat § 48-6255 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6255 - Audit; joint legislative budget committee

48-6255.  Audit;  joint legislative budget committee (Conditionally Rpld.) A. The board shall cause an annual audit to be conducted of the district's funds,  accounts and subaccounts by an independent certified public accountant within one hundred twenty days after the end of the fiscal year. B. The board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make such further audits and examinations as necessary and may take appropriate action relating to the audit or examination pursuant to title 41,  chapter 7,  article 10.1. If the auditor general takes no further action within thirty days after the audit is filed,  the audit is considered to be sufficient. C. The board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section. D. At the request of the chairperson of the joint legislative budget committee,  a representative of the board shall appear before the joint legislative budget committee to report on any aspect of the district's operation,  including the activities and financial performance of the district during the previous fiscal year,  the district's plans for capital improvements,  other expenditures and investment and the district's response to the audit conducted pursuant to this section.
AZ Rev Stat § 48-6256 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-6256 - Performance audit; bonds; dissolution of district

48-6256.  Performance audit;  bonds;  dissolution of district (Conditionally Rpld.) A. The auditor general shall conduct a performance audit as defined in section 41-1278 of the district and its operations,  which shall be completed not more than three hundred months after the date of the initial issuance of bonds authorized by section 48-6272. The audit shall be submitted to the board of directors of the district and to the joint legislative audit committee or its successor. The auditor general shall provide copies of the audit to the secretary of state and the executive director of the Arizona legislative council. B. At the direction of the board of directors but not later than sixty months after the date the performance audit is delivered to the joint legislative audit committee pursuant to subsection A of this section: 1. The board of directors shall wind up the affairs of the district. 2. The board of directors shall sell all district property and other assets to the highest and best bidders at public auction. The proceeds of the auction shall be used to retire all outstanding district obligations and any remaining proceeds shall be transferred to the state treasurer for credit to the state general fund. 3. The district is dissolved. On dissolution of the district,  the board shall notify the executive director of the Arizona legislative council of the date of dissolution.
AZ Rev Stat § 48-1791 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1791 - Initial general plan of works for district

48-1791.  Initial general plan of works for district A. Immediately upon qualifying,  the first board of directors shall investigate the different ways by which power can be brought into or generated within or without the district in such a manner as to be efficiently distributed to the users for irrigation purposes. The board shall determine what kind of power is most efficient and economical and in what manner and by what means it can be secured. B. For the purpose of bringing hydroelectric or other kind of power into the district,  if it can be more efficiently generated or procured at some point outside the district,  the board of directors may construct lines,  conduits and necessary equipment or other means of bringing such power into the district,  and such other construction,  plants and equipment as in the judgment of the board is necessary or useful for the purpose of generating or otherwise producing or procuring the power and making it available to the users of the district. C. For the purpose of procuring power,  the district may undertake and complete all necessary or useful construction outside the district but it may not perform construction work for the purpose of delivering the power outside the district. D. Having determined upon a general plan,  the board of directors shall determine from reliable estimates the character and amount of construction which the board has determined upon as necessary to carry out the general plan.
AZ Rev Stat § 48-1792 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1792 - Determination of amount of initial bond issue

48-1792.  Determination of amount of initial bond issue A. The board of directors in making estimates for the first bond issue shall determine the amount of the organization indebtedness and include it in the amount for which the first bonds are proposed to be issued. The board shall,  if it deems it advisable,  include in the amount for which the first bond issue is proposed the interest on the bonds for not more than the first three years after their issue. B. The board shall upon the record propose the construction,  operations and expenditures without elaborating but stated in such detail as to give the electors a reasonable understanding of the proposed operations and expenditure of the district. C. The board shall ascertain and determine from reliable estimates and investigation the cost of construction in such detail as they find necessary. Alternative propositions may be made as to details if necessary. This section shall be complied with in such manner as to give the electors a fair understanding of the proposed expenditures.
AZ Rev Stat § 48-1793 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1793 - Bond election; notice; terms of bonds

48-1793.  Bond election;  notice;  terms of bonds A. The board of directors,  upon complying with sections 48-1791 and 48-1792,  shall as soon as practicable call an election at which shall be submitted to the qualified electors of the district the question of issuing negotiable bonds of the district in an amount necessary to carry out the proposed general purposes of the district. The election must be held on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d). The bonds,  if voted,  shall be sold at such times and in such amounts as the board of directors deems advisable,  which shall be determined only approximately in the proceedings of the board,  and shall so state in the notice of election. B. The bonds shall run for such length of time as the board of directors decides upon and submits to the electors,  but for not more than thirty years,  and may provide for optional or progressive maturity in the discretion of the board. Such facts shall be included in the notice of the election. The bonds shall bear interest payable semiannually at the rate or rates set by the accepted bid which shall not exceed the maximum rate set forth in the notice of the election. The bonds may be made payable any place in the United States that is agreeable to the board and the purchasers.
AZ Rev Stat § 48-1794 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1794 - Notice of election; publication; appointment of election officers

48-1794.  Notice of election;  publication;  appointment of election officers A. Notice of the election to vote upon the issuance of the bonds shall contain a general statement of the findings of the board of directors preliminary thereto and shall set forth the date of the election,  the hours during which the polls will be open which shall not be less than eight hours,  the place or places of voting,  the maximum amount of bonds sought to be authorized,  the maximum rate of interest to be borne on the bonds,  and such other matters as will give the electors and other interested parties a fair understanding of the proposition to be submitted and voted upon. B. Notices of the election shall be posted at one public place in each township or part of township of each range or part of range,  according to the government survey of the lands in the district and,  in addition,  at least three notices shall be posted at different public places in each county in which any part of the district is located. Notice of the election shall also be published in one newspaper in each county in which any part of the district is located once a week for two weeks. The election shall be held not less than fifteen nor more than thirty days after posting the notices and not less than fifteen nor more than thirty days after commencement of the publications. C. The board of directors shall name the election officers in conformity with the general election laws,  and shall provide an official ballot and other supplies for the election officers. If the election officers fail to appear for the performance of their duties thirty minutes before the hour of opening the polls,  the electors present may elect other qualified electors to fill such vacancies,  and it shall be the duty of such electors to do so if the appointed officers do not appear at the time set for opening the polls.
AZ Rev Stat § 48-1795 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1795 - Returns of election; canvass of returns; issuance and sale of bonds

48-1795.  Returns of election;  canvass of returns;  issuance and sale of bonds A. The election officers shall within two days after the election make returns of the vote to the board of directors. The board shall on the fifth day after the election meet at the voting place,  or if there is more than one voting place,  at the voting place most centrally located in the district,  and at two o'clock in the afternoon canvass the returns. B. If it is found that a majority of the votes cast at the election favor issuance of the bonds,  the board shall proceed to issue and sell the bonds in conformity with the provisions of this article and section 35-457,  but no bonds shall be sold for less than eighty-five per cent of the face value thereof. C. The board of directors may,  if no satisfactory bids are received at the time of opening the bids,  continue to negotiate for the sale of the bonds for sixty days,  and if not then sold the board may again advertise and offer the bonds for sale.
AZ Rev Stat § 48-1796 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1796 - Authentication of bonds and coupons

48-1796.  Authentication of bonds and coupons Bonds issued under this chapter shall be signed by the chairman of the board of directors and attested by the secretary of the board if a member of the board,  or if not,  by the treasurer of the board or some member of the board authorized to do so by resolution. The coupons may bear facsimile signatures of the officers signing the bonds.
AZ Rev Stat § 48-1797 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1797 - Deposit of proceeds of bonds; bond of district treasurer; liability of directors

48-1797.  Deposit of proceeds of bonds;  bond of district treasurer;  liability of directors A. The proceeds of the bonds shall be paid into the treasury of the district. B. In each sale of bonds the treasurer of the district shall be required by the board of directors issuing the bonds to give an additional bond in an amount equal to the maximum of funds which will come into his hands as the result of the proposed sale of bonds whether it is for the whole or a part of the bonds authorized by the election,  and an additional bond shall be required if any subsequent sale or new issue increases the amount of funds coming into his possession as such treasurer in excess of the amount of the existing security therefor. C. The amount of the bond of the treasurer shall at no time be less than three thousand dollars,  but the board shall from time to time adjust the amount of the bond in conformity with the intent of this section. Except in case of the sale of bonds or otherwise when the amount of funds to come into possession of the treasurer may be accurately determined,  the bond shall be not less than seventy-five per cent of the maximum funds which will,  in the judgment of the board,  probably come into his possession,  but the failure of the board to require such bond or the failure to give the bond when required shall not affect the validity of bonds issued or invalidate any other action of the district or its board of directors. D. Failure to require the district treasurer to give bond as provided in this section,  or failure to use ordinary care in the acceptance of sureties,  if not a surety bond of a company authorized to give such bonds in this state,  shall render the board members jointly and severally liable to the district for losses occurring by reason thereof.
AZ Rev Stat § 48-1798 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1798 - Bond retirement fund; investment of fund

48-1798.  Bond retirement fund;  investment of fund A. Beginning with the third year after issuance of any bonds,  the board of directors shall include in the certificate provided for in section 48-1773 an amount sufficient to create a sinking fund that will pay the outstanding bonds when they become due. All probable income or increase of income from the sources referred to in section 48-1774 shall be taken into account in certifying the annual requirements of the sinking fund. B. When the sinking fund amounts to five hundred dollars or any multiple thereof,  the monies in the fund may be loaned on farmlands at not more than thirty-five percent of their cash value,  but such loans shall mature not later than the bonds that the monies loaned were raised to pay. C. In addition to subsection B of this section,  the board of directors may invest monies in the fund in: 1. Interest-bearing savings accounts or certificates of deposit in banks doing business in this state whose accounts are insured by the federal deposit insurance corporation,  but only if such deposits in excess of the insured amount are secured by the depository to the same extent and in the same manner as required by the general depository law of the state. 2. Interest-bearing savings accounts or certificates of deposit in savings and loan associations doing business in this state whose accounts are insured by the federal savings and loan insurance corporation,  but only if such deposits in excess of the insured amount are secured by the depository to the same extent and in the same manner as required by the general depository law of the state. 3. Deposits placed in accordance with the procedures prescribed in section 35-323.01.