reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-5173 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5173 - Attorney general bond certification

48-5173.  Attorney general bond certification  A. The board may submit to the attorney general any bonds to be issued under this article after all proceedings for the authorization of the bonds have been taken. On the submission of the proceedings to the attorney general,  the attorney general shall investigate and determine the validity of the bonds and the regularity of all proceedings in connection with the issuance. B. If the proceedings conform to this article and if the bonds when delivered and paid for will constitute binding and legal obligations of the board enforceable according to the terms of the bonds,  the attorney general shall certify in substance on the back of each of the bonds that it is issued in accordance with the constitution and laws of this state.
AZ Rev Stat § 48-5174 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5174 - Bond obligations of the board

48-5174.  Bond obligations of the board A. Bonds issued pursuant to this article: 1. Are obligations of the board issuing the bonds. 2. Are payable only pursuant to the terms of the bonds. 3. Are not obligations that are general,  special or otherwise of this state. 4. Are not a legal debt of this state. 5. Are not enforceable against this state. B. Payment of the bonds issued pursuant to this article is not enforceable out of any monies of the authority other than the income and revenue pledged and assigned to or in trust for the benefit of the holder or holders of the bonds.
AZ Rev Stat § 48-5175 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5175 - Bonds; legal investments

48-5175.  Bonds;  legal investments Bonds issued under this article are made securities: 1. In which all of the following may properly and legally invest monies including capital in their control or belonging to them: (a) Public officers and bodies of this state.  (b) Municipalities and political subdivisions of this state. (c) Insurance companies and associations and other persons carrying on an insurance business. (d) Banks,  bankers,  trust companies,  savings banks and savings associations,  including savings and loan associations,  building and loan associations,  investment companies and other persons carrying on a banking business. (e) Administrators,  guardians,  executors,  trustees and other fiduciaries. (f) Other persons authorized to invest in bonds or other obligations of this state. 2. That may be deposited with and may be received by all public officers and bodies of this state and all municipalities and political subdivisions of this state for any purpose for which the deposit of bonds or other obligations of this state is authorized.
AZ Rev Stat § 48-5301 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5301 - Definitions

48-5301.  Definitions In this chapter,  unless the context otherwise requires: 1. " Arterial street or highway"  means a street or highway that is used primarily for through traffic such that vehicular traffic from intersecting streets and highways is required by law to stop or yield before entering or crossing the street or highway. 2. " Authority"  means a regional transportation authority organized under this chapter. 3. " Board"  means the board of directors of a regional transportation authority established pursuant to section 48-5303. 4. " Controlled access highway"  has the same meaning prescribed in section 28-601. 5. " County"  means a county with a population of less than one million two hundred thousand persons in which a regional transportation authority is established pursuant to section 48-5302. 6. " Fiscal agent"  means a bank or trust company authorized to do business in this state or the county treasurer as designated by the board. 7. " Municipality"  means an incorporated city or town. 8. " Population"  means the population determined in the most recent United States decennial census or the most recent special census as provided in section 28-6532. 9. " Public transportation"  means local transportation of passengers by means of a public conveyance,  including para-transit.
AZ Rev Stat § 48-5302 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5302 - Regional transportation authority; establishment

48-5302.  Regional transportation authority;  establishment A. A regional transportation authority is established in a county with a population of more than four hundred thousand but less than one million two hundred thousand persons. The board of supervisors of a county with a population of four hundred thousand or fewer persons may establish a regional transportation authority in the county. B. An authority is a public,  political,  tax levying public improvement and taxing subdivision of this state and a municipal corporation to the extent of the powers and privileges conferred by this chapter or granted generally by the constitution and statutes of this state,  including immunity of its property and the interest income and gain on its bonds from taxation. C. The membership of the authority consists of each municipality in the county,  the county and any other members of the regional council of governments that are from the county that established the authority. The authority may operate in all areas of the county in which it is organized. D. The executive director of the regional council of governments acts as the executive director of the authority and serves in that specific role until replaced at the discretion of the board of the regional transportation authority.
AZ Rev Stat § 48-5303 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5303 - Board of directors; executive director

48-5303.  Board of directors;  executive director A. The government of the authority is vested in a board of directors composed of the members of the regional council of governments that are from the county that established the authority,  and each member of the board of directors is vested with one vote each when determining transportation policy as the regional transportation authority. B. The members of the board shall: 1. Appoint a chairman from among the members at the first official meeting of the board. 2. By rule determine its officers,  terms and procedures of appointment.
AZ Rev Stat § 48-5305 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5305 - Board powers

48-5305.  Board powers  The board may: 1. Adopt an administrative code that:  (a) Prescribes the powers and duties of the employees of the authority that are not inconsistent with this chapter,  the method of appointing board employees and methods,  procedures and systems of operating and managing the board. (b) May provide for,  among other things,  appointing a general manager and organizing the employees of the board into units for administration,  design and construction,  operation,  property acquisition and community relations and other units as the board deems necessary. 2. Sue and be sued.
AZ Rev Stat § 48-5306 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5306 - Court; fees

48-5306.  Court;  fees  A. In addition to any costs that are awarded as prescribed by statute,  a court shall award fees of not more than ten thousand dollars and other expenses to any party,  other than this state or a city,  town or county,  on the merits in an action brought by the party against the authority to challenge right-of-way actions conducted by or on behalf of the authority. B. In determining the award provided for in this section,  the court shall deny or reduce the award if it finds that any of the following applies: 1. During the course of the proceeding the beneficiary of the award unduly and unreasonably protracted the final resolution of the matter. 2. The award is attributable to an intervening change in the applicable law. 3. The beneficiary of the award refused an offer of civil settlement that was at least as favorable to the party as the relief ultimately granted.
AZ Rev Stat § 48-5307 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5307 - Regional transportation fund

48-5307.  Regional transportation fund A. A regional transportation fund is established for the authority. The fund consists of: 1. Monies received from the county transportation excise tax as provided in section 42-6106. 2. Monies appropriated by each municipality or the county. 3. Grants,  gifts or donations from public or private sources. 4. Monies granted by the federal government or appropriated by the legislature. 5. Fares or other revenues collected by the authority in operating a public transportation system. 6. Monies from bonds issued by the board pursuant to article 2 of this chapter. B. Subject to the powers granted to the board in article 2 of this chapter,  the fiscal agent on behalf of the authority shall administer monies paid into the regional transportation fund. C. The department of revenue shall collect all transportation excise tax monies pursuant to section 42-6106 and shall deposit them monthly pursuant to section 42-5014 in a fund designated for the regional transportation authority as the regional transportation fund. D. Except as provided in this section,  the beneficial interest in the fund is the authority that levied the transportation excise tax. This state or the county does not have a beneficial interest,  either legal or equitable,  in the fund,  except for the repayment of election expenses. E. Monies and investments in the regional transportation fund may be used and spent only as provided in this chapter. An appropriation of any nature is not required before the expenditure of any monies from the fund.  F. The regional transportation fund shall be divided into three separate accounts,  designated as the bond account,  the construction account and the bond proceeds account. Transfers between accounts shall be made only as provided in this section or in article 2 of this chapter. G. Before the issuance of any bonds payable from the regional transportation fund as provided in article 2 of this chapter,  transportation excise tax revenues shall be deposited in the construction account and spent as provided in this article. After the issuance of any bonds payable from the regional transportation fund as provided in article 2 of this chapter,  transportation excise tax revenues shall be deposited in the bond account first until the bond account contains monies sufficient to meet all principal,  interest or redemption requirements for the current period as required by any resolution of the board pertaining to the issuance of bonds. After all current period requirements for all of the bonds are deposited in the bond account,  the balance of transportation excise tax revenues received for the current period shall be deposited in the construction account.
AZ Rev Stat § 48-5310 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5310 - Five year transportation facilities construction program update

48-5310.  Five year transportation facilities construction program update The director of the department of transportation shall develop and annually update as a component of the five year transportation facilities construction program provided in section 28-6954 the use of monies expected to accrue to the county's regional transportation fund as provided in this article that are dedicated for street and highway purposes and that are in the state highway system.
AZ Rev Stat § 48-5311 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5311 - Transportation corridor priority

48-5311.  Transportation corridor priority  Through their regional planning agency,  the county and municipalities in the county shall list transportation corridors by priority in the regional transportation plan. The regional transportation plan may also provide a suggested construction schedule for the transportation corridors contained in the plan.
AZ Rev Stat § 48-5312 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5312 - Highway construction and maintenance

48-5312.  Highway construction and maintenance  A. The department of transportation shall construct and maintain the controlled access highways approved by a majority of the qualified electors voting at a special or general election and financed pursuant to section 48-5308,  subsection C. B. The authority may contract with municipalities in the county and with the county to allow the municipalities and county to construct the streets or highways approved by a majority of the qualified electors voting at a special or general election and funded by monies distributed pursuant to section 48-5308,  subsection C. C. On completion of construction,  the municipality or county in which monies are spent for a project approved by a majority of qualified electors voting at a special or general election and funded by monies distributed pursuant to section 48-5308,  subsection C is responsible for maintaining the project.
AZ Rev Stat § 48-5313 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5313 - Eminent domain

48-5313.  Eminent domain  The cities and towns or county may: 1. Exercise the right of eminent domain pursuant to title 12,  chapter 8,  article 2 for the purposes prescribed in this chapter on behalf of the authority. 2. Sell or lease to the authority property acquired through eminent domain proceedings.
AZ Rev Stat § 48-5315 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5315 - Utility relocation reimbursement; definition

48-5315.  Utility relocation reimbursement;  definition A. If county transportation excise tax monies collected pursuant to section 42-6106 are used to construct a light rail system under the regional transportation plan,  all costs for the relocation,  and reasonable ongoing costs related to the relocation,  of utility facilities incurred as a direct result of the construction and operation of the light rail system shall be reimbursed by the light rail project to the utility. The board shall make the payments from transportation excise tax revenues within ninety days after presentation of a statement of verified expenses. The statement of verified expenses shall not include profit but may include a reasonable allocation of general overhead. The verified expenses may be reviewed and audited by the light rail operator. The audit must be concluded within ninety days and shall be conducted pursuant to standard industry accounting principles. B. If the relocated utility has existing land rights,  the light rail operator shall relocate the utility with equal land rights. If the relocated utility is operating in the right-of-way under a permit,  the light rail operator shall relocate the utility according to the utility's existing rights under the permit within the right-of-way. C. The light rail operator shall be fully responsible for acts,  negligence or omissions of all of its employees on the project that result in damage to utility facilities. D. For the purposes of this section,  " utility"  means any public service corporation,  licensed cable television system,  licensed video service network,  telephone line or telegraph line corporation or person engaged in the generation,  transmission or delivery of electricity,  natural gas,  telephone,  cable television,  video,  telegraph or water service,  including this state or any political subdivision or agency of this state.
AZ Rev Stat § 48-5341 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5341 - Bonds payable from transportation excise taxes

48-5341.  Bonds payable from transportation excise taxes The board is designated as the body having sole and exclusive power to authorize and issue bonds or incur long-term obligations payable in whole or in part from monies collected from the transportation excise tax authorized pursuant to section 42-6106. The board may: 1. Issue negotiable bonds payable solely from monies paid into the bond account of the regional transportation fund in the principal amount that in the opinion of the board is necessary to provide sufficient monies for any lawful purpose for which the regional transportation fund monies may be spent,  to establish reserves to secure the bonds and to provide for the payment of all other expenditures of the board incidental,  necessary and convenient to carry out these purposes. 2. Issue refunding bonds if the board deems refunding expedient. 3. Refund any bonds issued by the board and payable from regional transportation fund income as authorized in this article by the issuance of refunding bonds,  whether the bonds to be refunded have or have not matured. Proceeds of refunding bonds may be used to pay principal,  interest or redemption premiums on refunded bonds. 4. Issue bonds partly to refund bonds then outstanding and partly for any other purpose consistent with this article. Regardless of whether or not the bonds are of such form or character as to be negotiable instruments under the terms of the uniform commercial code,  the bonds are fully negotiable within the meaning of and for all purposes of the uniform commercial code.
AZ Rev Stat § 48-5342 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5342 - Bond requirements

48-5342.  Bond requirements A. The bonds authorized by this article shall: 1. Be authorized by resolution of the board. 2. Bear such date or dates and shall mature at such time or times,  not exceeding the earlier of twenty years from their respective dates or the date the transportation excise taxes securing the bonds cease,  as the resolution or resolutions may provide. 3. Bear interest at such rate or rates,  including rates that may vary from time to time,  pursuant to parameters set by the board in the authorizing resolution. 4. Be in the denomination,  be in the form,  either coupon or registered,  be executed in the manner,  be payable as to principal,  interest or premium in the medium of payment at the office of the state treasurer of this state or at such other place as the board provides either by automatic deposit,  wire transfer or mail. 5. Be subject to such terms of redemption,  at the option of either the board or the owner of the bond,  as the resolution or resolutions may provide. B. The bonds may be sold at either public or private sale,  above,  at or below par and on terms the board determines. Bonds to fund or refund other bonds may be exchanged with the holders of bonds being funded or refunded on terms the board determines.
AZ Rev Stat § 48-5343 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5343 - Bond payment; security

48-5343.  Bond payment;  security  In connection with the issuance of the bonds authorized by this article or to secure the payment of the bonds and interest on the bonds,  the board by resolution may: 1. Provide that bonds issued under this article may be paid with and secured by a pledge on all or any part of the monies paid into the bond account of the regional transportation fund,  and if monies in the bond account are ever insufficient,  then from any other unobligated monies in the construction account or the bond proceeds account. The board may: (a) Set the priority of lien or claim of any series or issue of bonds against any other series or issues. (b) Not abrogate or change the priority unless the affected series or issue is to be fully paid or fully provided for by the issuance of refunding bonds or the holders of the bonds affected agree in writing to the change. 2. Pledge and assign to or in trust,  with a trustee appointed by the board,  for the benefit of the holder or holders of the bonds all or any part of the monies paid into the bond account of the regional transportation fund as will be necessary to pay the principal of,  interest on and premium,  if any,  on the bonds as the bonds become due. 3. Set aside,  regulate and dispose of reserves and sinking funds. 4. Provide that sufficient amounts of the proceeds from the sale of the bonds may be used to fully or partly fund any and all reserves or sinking funds set up by the bond resolution. 5. Prescribe the procedure,  if any,  by which the terms of a contract with bondholders may be amended or abrogated,  the amount of bonds the holders of which must consent to and the manner in which the consent may be given. 6. Provide for payment from the proceeds of the sale of the bonds of all legal and financial expenses incurred by the board in the issuance,  sale,  delivery and payment of the bonds. 7. Do any other matters,  of like or different character,  that may in any way affect the security and protection of the bonds.
AZ Rev Stat § 48-5344 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5344 - Pledges; liens

48-5344.  Pledges;  liens  A. A pledge made pursuant to this article is valid and binding from the time when the pledge is made. The monies pledged pursuant to this article when placed in the bond account,  bond proceeds account or construction account of the regional transportation fund are immediately subject to the lien of the pledge without any future physical delivery or further act. B. A lien of any pledge is valid or binding against all parties having claims of any kind in tort,  contract or otherwise against the board,  regardless of whether the parties have notice. When placed in the records of the board,  the official resolution or trust indenture or any instrument by which this pledge is created is notice to all concerned of the creation of the pledge,  and these instruments are not required to be recorded in any other place. A filing or recording of the resolution of the board creating or extending the lien or pledge in order for the pledge or lien to become fully effective is not required in any office other than in the office of the board.
AZ Rev Stat § 48-5345 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5345 - Liability; bond validity

48-5345.  Liability;  bond validity  A. The members of the board or a person executing the bonds is not personally liable for the payment of the bonds. B. The bonds are valid and binding obligations of the board notwithstanding the fact that before the delivery of the bonds any of the officers whose signatures appear on the bonds cease to be officers of the board. C. From and after the sale and delivery of the bonds,  the bonds are incontestable by the board or the county.
AZ Rev Stat § 48-5346 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5346 - Bond purchase

48-5346.  Bond purchase  The board may purchase bonds out of any monies available and cancel these bonds.
AZ Rev Stat § 48-5347 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-5347 - Notice; bond issuance

48-5347.  Notice;  bond issuance  A. The board shall publish a notice of its intention to issue bonds under this article for at least five consecutive days in a newspaper published in this state. The last day of publication shall be at least ten days before the issuance of the bonds. B. The notice shall state the amount of the bonds to be sold and the intended date of issuance.