reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-617 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-617 - Special provisions relating to improvement districts for purchasing energy for lighting public streets or parks

48-617.  Special provisions relating to improvement districts for purchasing energy for lighting public streets or parks A. If a petition for the formation of an improvement district to purchase and not generate energy for street or public park lighting is presented to the governing body,  which purports to be signed by all of the real property owners in the proposed district,  exclusive of mortgagees and other lienholders,  the governing body,  after verifying such ownership and making a finding of such fact,  shall adopt a resolution of intention to order the proposed improvement pursuant to the provisions of section 48-576 and shall have immediate jurisdiction to adopt the resolution ordering the improvement,  pursuant to the provisions of section 48-581,  without the necessity of publication and posting of the resolution of intention provided for in section 48-578. B. If a petition for the formation of an improvement district to purchase energy for street or public park lighting is presented to the governing body signed by a majority of the real property owners in the proposed district,  the governing body shall adopt a resolution of intention to order the proposed improvement and cause same to be published and posted pursuant to the provisions of section 48-578,  and unless protests received pursuant to section 48-579 are sufficient to bar further proceedings,  the governing body shall thereafter proceed with the improvements so petitioned. C. At the time of the adoption of the resolution of intention pursuant to the provisions of section 48-576,  the governing body shall determine the type of lighting facilities to be installed and consider the rate to be paid for purchasing the energy for the proposed district.
AZ Rev Stat § 48-619 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-619 - Revolving fund; lapsing provisions; separate fund

48-619.  Revolving fund;  lapsing provisions;  separate fund A. The governing body may create a revolving fund to aid in the construction of public improvements under this article and article 1 of this chapter. The governing body may provide for transfers into such fund from any lawful source. B. All unexpended balances of appropriations from the fund remaining after the appropriations lapse according to law shall revert to the fund. C. The fund established pursuant to this section shall be kept separate and apart from all other funds. D. The monies in the revolving fund may be used to purchase bond anticipation notes,  to aid in the payments made to the construction contractor,  to provide for the payment of the city's share of any improvement authorized under this article or to provide monies to pay the assessments levied against public property.
AZ Rev Stat § 48-621 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-621 - Regulatory authority of utility undergroundings

48-621.  Regulatory authority of utility undergroundings The provisions of section 48-620 shall not be construed to limit or otherwise affect the authority of a municipality to regulate the undergrounding of utility facilities in the public rights-of-way and easements. The authority of a municipality to regulate the undergrounding of utilities or the erection of poles and wires upon its streets,  alleys,  public grounds and plazas as authorized by section 9-276 shall in no way be impaired or affected by the provisions of section 48-620.
AZ Rev Stat § 48-631 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-631 - Authority to provide general improvement fund

48-631.  Authority to provide general improvement fund Municipal corporations may incur a bonded indebtedness to provide a fund to be called a " general improvement fund."  The fund may be invested or reinvested in any bonds issued for work and public improvements,  the cost of which in whole or in part is to be ultimately paid by assessments levied against lots or land benefited thereby,  or issued to pay the cost of land purchased or condemned for such work or public improvements. The bonds shall be called " investment bonds."
AZ Rev Stat § 48-632 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-632 - Procedure for investment bond election

48-632.  Procedure for investment bond election A. When the governing body of a municipality at a meeting has determined that the public interest or necessity demands the acquisition,  construction or completion of an improvement authorized by articles 1 and 2 of this chapter,  it may at that or a subsequent meeting,  by a vote of a majority of all its members,  order a special election and submit to the qualified electors of the municipality the proposition of issuing the investment bonds. B. The resolution calling the election shall recite the objects and purposes for which it is proposed to use the proceeds of the bonds,  the amount of the principal thereof,  the rate of interest to be paid thereon,  and shall fix the date on which the special election will be held,  the manner of holding the election and manner of voting for or against issuing such bonds. C. The election,  except as otherwise provided in this article,  shall be held,  and the return thereof made and canvassed and the elector shall possess the qualifications as provided by law for holding bond elections in the municipality.
AZ Rev Stat § 48-633 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-633 - Publication and posting of resolution for bond election; form of bonds; payment and redemption

48-633.  Publication and posting of resolution for bond election;  form of bonds;  payment and redemption A. The resolution shall be published as provided by section 39-121 and posted in three public places in the municipality for one week. It shall require the votes of a majority of the qualified voters voting at the special election to authorize the issuance of the bonds. B. The bonds shall contain necessary provisions as to form and shall be payable in not less than ten nor more than twenty years from the date of their issue to be determined by the governing body at the time of their issuance,  and shall be issued in such denominations as the governing body may determine,  of not less than one hundred nor more than one thousand dollars. Each bond shall be payable on the day and at the place therein specified with interest at the rate or rates set by the accepted bid which shall not exceed the maximum rate of interest set forth in the resolution calling the election,  payable semiannually. The bonds shall be signed by the mayor and countersigned by the clerk. The coupons of the bonds shall be numbered consecutively and signed by the clerk. C. The governing body shall provide by tax levies or otherwise proper interest and sinking funds for the payment of the interest on,  and the redemption of,  the bonds.
AZ Rev Stat § 48-634 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-634 - Sale of bonds; disposition of proceeds

48-634.  Sale of bonds;  disposition of proceeds The bonds may be issued and sold by the governing body as it may determine at public or private sale or by an on-line bidding process,  but for not less than par. The proceeds shall be placed in the treasury to the credit of a fund to be applied exclusively to the purposes and objects prescribed by this article.
AZ Rev Stat § 48-635 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-635 - Disposition and investment of bond sale proceeds

48-635.  Disposition and investment of bond sale proceeds A. The governing body shall keep the funds arising from the sale of the bonds separate and distinct from other funds,  and invest and reinvest them in the improvement bonds issued for work and public improvements,  or used for the purposes provided in articles 1 and 2 of this chapter,  and shall collect the interest and principal on the bonds and credit it to the fund. B. The municipality may sell,  at the discretion of its governing body,  any of the bonds by it purchased at a price not less than the price paid therefor and accrued interest. The receipts of the sale and all monies paid on account of assessments levied upon lots benefited by the improvements for which the improvement bonds have been issued shall be credited to the " general improvement fund, "  and may be again reinvested,  or used,  so that the improvement fund shall constitute a revolving fund for the purpose of enabling the property owners to pay their bonds and assessments in annual installments to the municipality,  and thus enable the municipality to let contracts for the completion of the improvements on a cash basis.
AZ Rev Stat § 48-651 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-651 - Refunding bonds

48-651.  Refunding bonds A. Bonds may be issued for the purpose of refunding any bonds issued pursuant to article 2 or 3 of this chapter. B. Refunding bonds issued pursuant to this article shall have such details and be issued and sold as provided by the governing body of the city or town and shall be secured as provided in this article,  except that interest on the refunding bonds shall be payable semiannually on January 1 and July 1 and the due date of the refunding bond shall be January 1 in the year in which it becomes due.
AZ Rev Stat § 48-652 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-652 - Use of net proceeds; investment of proceeds; definition

48-652.  Use of net proceeds;  investment of proceeds;  definition A. Refunding bonds issued pursuant to this article may be exchanged for not less than a like principal amount of bonds to be refunded,  may be sold at,  above or below par at a negotiated or public sale or may be exchanged in part and sold in part. If sold,  the net proceeds of the refunding bonds together with all or a portion of the amounts held in the debt service fund for payment of principal of and interest on the bonds being refunded,  amounts in any reserve fund for the bonds being refunded and other amounts lawfully available may be invested provided such investments and any reinvestment thereof will mature with interest so as to provide funds to pay the bonds to be refunded when due,  or called for redemption,  together with interest thereon and redemption premiums,  if any,  at maturity or on an available redemption date or on an earlier voluntary surrender with the consent of the city or town. Such amounts and investments shall be deposited in trust with a national banking corporation or association that is authorized to do trust business in this state and that is a member of the federal deposit insurance corporation,  or any successor agency. After such deposit,  the bonds being refunded shall be deemed to have been paid and shall have no further interest in the assessments for the bonds being refunded.  B. The treasurer may enter into trust agreements with banking corporations or associations for the handling,  safekeeping and administration of the amounts and investments that are derived from,  or contributed to,  the refunding. The investments shall be obligations issued by the United States government,  or one of its agencies,  or obligations fully guaranteed by the United States government as to principal and interest. C. For the purposes of this section,  " net proceeds"  means the gross proceeds of the refunding bonds after the deduction of all accrued interest and expenses incurred in connection with the authorization and issuance of the refunding bonds and the refunding of the bonds being refunded including all cost and expenses resulting from price variation to par or otherwise incurred in the purchase of obligations for the trust and in the distribution of the refunding bonds.
AZ Rev Stat § 48-653 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-653 - Limitation on refunding bonds; notice and hearing; definition

48-653.  Limitation on refunding bonds;  notice and hearing;  definition A. Refunding bonds may be issued only if the total amount of principal of and interest on the refunding bonds does not exceed the total amount of remaining principal of and interest on the bonds to be refunded. The superintendent shall file a modified assessment reflecting the reduction in the assessment. If the modified assessment does not increase the assessment on any parcel or lot,  the modified assessment may be approved by the governing body without providing notice or a hearing to the owners of affected parcels or lots. If the modification results in an increase in the assessment to any parcel or lot,  notice and,  if required,  a hearing shall be provided in the manner as provided in section 48-594. B. For the purposes of this section,  " superintendent"  has the same meaning prescribed in section 48-571.
AZ Rev Stat § 48-654 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-654 - Security; payment

48-654.  Security;  payment A. The refunding bonds shall be secured and payable from the special assessments levied to pay the bonds being refunded. On issuance of refunding bonds,  the remaining unpaid installments of such special assessments shall be recalculated and modified so that the amounts to be collected equal the amounts needed to repay the refunding bonds. Section 48-594 does not apply to the recalculation and modification of the assessments authorized by this section. All provisions of articles 2 and 3 of this chapter regarding the collection,  payment and enforcement of the assessments for the bonds being refunded and the validity and priority of the lien of the assessments for the bonds being refunded remain in full force and effect. Except as modified pursuant to this section,  the assessments survive the payment or defeasance of the bonds being refunded and shall remain in full force and effect,  securing the refunding bonds until the payment in full of the refunding bonds. B. The refunding bonds are payable only out of a special fund to be collected from such special assessments. The special fund is set apart for the payment of the refunding bonds and cannot be used for any other purpose. All sums collected from such special assessments shall be placed in the special fund and shall be used for no other purpose than payment of the principal of and interest on the refunding bonds. C. The special assessments from which the refunding bonds are to be paid are the same first liens on the property assessed for the bonds being refunded,  subject only to the lien for general taxes and prior special assessments. For the assessment or reassessment,  collection and payment of the special assessments,  the full faith and diligence of the city or town are irrevocably pledged.
AZ Rev Stat § 48-655 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-655 - Collection of assessments

48-655.  Collection of assessments The treasurer and the county treasurer for the county in which the city or town is located may enter into an agreement for the county treasurer to collect the special assessments for the refunding bonds in the manner and by the officers provided by law for the collection and enforcement of general taxes. The treasurer and the county treasurer may provide by agreement for the payment of the county treasurer's collection expenses directly related to the levy of the special assessment and,  if provided,  the levy of the special assessment may include an amount for compensation of the county treasurer directly related to the collection of the special assessment. The compensation received by the county treasurer pursuant to the agreement is subject to section 11-496.
AZ Rev Stat § 48-656 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-656 - Determination of governing body

48-656.  Determination of governing body The determination of the governing body issuing refunding bonds that the limitations imposed pursuant to this article on the issuance of refunding bonds have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion.
AZ Rev Stat § 48-681 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-681 - Borrowing power of cities and towns

48-681.  Borrowing power of cities and towns An incorporated city or town,  in addition to other powers conferred upon it by law,  may borrow money and issue bonds for the purpose of improvement,  construction,  reconstruction,  acquisition of rights of way or maintenance of municipal streets and highways.
AZ Rev Stat § 48-682 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-682 - Vote on bond issues

48-682.  Vote on bond issues When the governing body of an incorporated city or town determines to borrow money under the provisions of this article,  the question of issuing bonds under this article shall be submitted to the qualified electors of the municipality. No bonds shall be issued without the assent of a majority of such qualified electors voting at an election held for that purpose as provided in this article.
AZ Rev Stat § 48-683 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-683 - Election resolution

48-683.  Election resolution A. The governing body shall adopt a resolution calling an election upon the question of the issuance of bonds. The resolution shall state in substance: 1. The maximum amount of bonds to be issued. 2. The purpose for which the bonds are to be issued. 3. The maximum rate of interest which the bonds are to bear. 4. A brief and concise statement containing an irrevocable appropriation providing for the payment of the principal and interest of the bonds from monies to be derived from taxes,  fees,  charges and other monies collected by the state and returned to such city or town for street and highway purposes pursuant to law which have not been theretofore specially allocated and pledged for the payment of indebtedness. 5. The date on which the election will be held. 6. The places where votes may be cast. 7. The hours between which polling places will be open. B. The election resolution shall be published in full at least once,  not less than fifteen nor more than thirty days prior to the date of the election,  in a newspaper published in the county and of general circulation in the municipality,  or,  if there is no such newspaper,  the resolution shall be printed in full and posted in five conspicuous places in the municipality not less than fifteen nor more than thirty days prior to the date of the election.
AZ Rev Stat § 48-684 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-684 - Registration of voters

48-684.  Registration of voters The governing body may require the registration of all persons desiring to vote at the election and in such case the election resolution shall state the dates,  times and places when and where such persons may register. Registration shall begin not less than ten and shall close not less than five days prior to the date of the election.
AZ Rev Stat § 48-685 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-685 - Ballots

48-685.  Ballots At the election the ballot shall contain the words " for the bonds"  and " against the bonds"  and to the right of and opposite each thereof shall be placed a square approximately the size of the squares placed opposite the names of candidates on ballots. The voter shall indicate his vote " for the bonds"  or " against the bonds"  by inserting a mark as defined in section 16-400 in the square opposite such words. No other question,  word or figure need be printed on any ballot. The ballot shall not be of any particular size,  and sample ballots may or may not be printed,  posted or distributed. A number of ballots exceeding by not less than two per cent the number of registered voters whose names appear on the precinct register prepared for the precinct,  town or city shall be printed for and furnished to each polling place.
AZ Rev Stat § 48-686 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-686 - Canvass of returns

48-686.  Canvass of returns The governing body shall canvass the returns and declare the result of the election. If it is found by the governing body that a majority of the real property taxpayers who are qualified electors of the municipality voting thereon assent to the issuance of the bonds,  the governing body shall provide for the issuance of the bonds. The determination of the governing body that a majority of the qualified real property taxpayers voting thereon has assented to the issuance of the bonds shall be conclusive in any action or proceeding involving the validity of such election or the determination or declaration of the result thereof instituted after the date of the payment for and delivery of the bonds.
AZ Rev Stat § 48-687 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-687 - Application of election laws

48-687.  Application of election laws Except as otherwise provided in this article,  the manner of conducting the registration and election,  keeping the poll lists,  the returns,  declaring the results and doing all acts relating to such election shall conform to the procedure provided by law for the registration and qualification of electors and the holding of special elections in which the question of the issuance of bonds of municipal corporations is submitted to an election.
AZ Rev Stat § 48-689 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-689 - Issuance of bonds for public improvements; limitations of amount, successive borrowings; computation

48-689.  Issuance of bonds for public improvements;  limitations of amount,  successive borrowings;  computation A. No city or town may issue bonds under this article unless the aggregate amount of the revenues received by it from highway user taxes,  including motor vehicle fuel taxes,  and all other taxes,  fees,  charges or other monies returned to the city or town pursuant to title 28,  chapter 18,  article 2 and section 42-6107,  in the year preceding the borrowing of money under this article,  is equal to at least one and one-half times the highest annual principal and interest requirements thereafter to come due on all such bonds to be outstanding after the borrowing occurs,  provided that bonds that are issued under this article where the aggregate amount of monies returned to the city or town pursuant to title 28,  chapter 18,  article 2 and section 42-6107,  in the year preceding the borrowing of money under this article,  is not equal to at least two times the highest annual principal and interest requirements thereafter to become due on all the bonds to be outstanding after the borrowing occurs,  shall bear a rating at the time of issuance of " A"  or better,  by at least one nationally recognized credit rating service taking into account any credit enhancement facility in effect with respect to such bonds. Subject to such limitations,  successive borrowings may be made under this article. B. In computing the annual interest requirements of bonds described in section 48-688,  subsection E,  the governing body shall determine a rate which is not more than the maximum rate permitted under the terms of their issuance. In making the determination,  the governing body shall set a rate that is not less than one hundred twenty-five per cent of the rate in effect on the date of determination or,  if the bonds are not then issued,  one hundred twenty-five per cent of the initial rate on the bonds,  except that if such determination exceeds the maximum rate permitted under the terms of issuance,  the rate shall be the maximum rate. It is further assumed,  notwithstanding the provisions of any reimbursement obligation,  that the bonds will remain outstanding until the stated maturity of the bonds.