reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-1036 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1036 - Judicial review

48-1036.  Judicial review A. A person claiming an interest in property who filed a written objection and who presented testimony or evidence at the hearing may seek review of the order forming the district and the decision of the board of supervisors at the hearing. The action shall be begun in the superior court in the county within thirty days of the order forming the district. The review shall be limited to a review of the transcript of the hearing,  the order forming the district and the affidavits of mailing and publication of the notice and resolution declaring the board of supervisor's intention to form the district. The sole question on review is whether the record shows that the board of supervisors acted arbitrarily or capriciously in forming the district. B. If the court finds that the board of supervisors acted arbitrarily or capriciously,  it may issue one of the following orders: 1. That particular land shall be deleted from the district. 2. That the district shall not be formed. 3. That the board of supervisors shall reconsider the general plan. C. Land included in an area deleted by order of the court or in a district ordered by the court not to be formed may not be included in a rural road improvement district for six months after the date the court's order is entered unless otherwise provided in the court's order or otherwise agreed to by the owner.
AZ Rev Stat § 48-1038 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1038 - Formation

48-1038.  Formation A. If the formation of the district is approved by a majority of the votes cast at the election,  the board of supervisors shall order the formation,  setting the district boundaries and ordering that a map showing the district boundaries be drawn and a copy of the order forming the district be delivered to the county assessor and the department of revenue. A notice of the formation showing the number and date of the order and giving a general description of the land included in the district shall be filed with the county recorder. B. On its formation,  the district is a special purpose district for purposes of article IX,  section 19,  Constitution of Arizona,  and a municipal corporation for all purposes of title 35,  chapter 3,  articles 3,  3.1,  3.2,  4 and 5. The district is considered to be a municipal corporation and political subdivision of this state,  separate and apart from the county.
AZ Rev Stat § 48-1039 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1039 - Powers of a rural road improvement district

48-1039.  Powers of a rural road improvement district A. In addition to the powers otherwise granted to a district pursuant to this article a district may with respect to the rural road improvements for which the district was established: 1. Enter into contracts and intergovernmental agreements and expend monies for any rural road improvement in the district. 2. Employ staff and consultants or reimburse the county for staff and consultant services and support facilities supplied by the county. 3. Accept gifts,  grants or loans for rural road improvements. 4. Pay the financial,  legal and administrative costs of the district. 5. Enter into contracts,  agreements and trust indentures to obtain credit enhancement or liquidity support for its bonds and process the issuance,  registration,  transfer and payment of its bonds and the disbursement and investment of proceeds of the bonds. 6. Request the county board of supervisors to exercise the power of eminent domain on behalf of the district over any lands within the district's jurisdiction. 7. Issue bonds. B. In connection with any power authorized by statute,  the district may: 1. Contract. 2. Enter into intergovernmental agreements pursuant to title 11,  chapter 7,  article 3. 3. Adopt and change a seal. 4. Sue and be sued.
AZ Rev Stat § 48-1040 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1040 - Records; board of directors; open meetings

48-1040.  Records;  board of directors;  open meetings A. The district shall keep the following records which shall be open to public inspection: 1. Minutes of all meetings of the board. 2. All resolutions. 3. Accounts showing all monies received and disbursed. 4. An annual budget. 5. All other records required to be maintained by law. B. The members of the board of supervisors are not eligible to receive compensation for their services as members of the district board. C. The board of directors shall comply with title 38,  chapter 3,  article 3.1 as a separate political subdivision.
AZ Rev Stat § 48-1041 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1041 - Participation by county

48-1041.  Participation by county The board of supervisors,  by resolution,  may summarily order that the county pay part of the costs of any rural road improvement,  including preliminary incidental costs.
AZ Rev Stat § 48-1042 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1042 - Other districts or improvements

48-1042.  Other districts or improvements The formation of a district under this article does not prevent the improvement or assessment of land in the district by the county pursuant to article 1 of this chapter or the exercise by the county of any of its powers on the same basis as on all other land in the county.
AZ Rev Stat § 48-1043 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1043 - Change in district boundaries or plan

48-1043.  Change in district boundaries or plan A. After the formation election,  an area may be deleted from the district only following a hearing on notice given to the owners of land in the district in the manner prescribed in this article for the formation hearing. Deleted areas remain subject to the levy for debt service on any bonds issued before the date of deletion. B. The district board,  after a hearing on notice given to owners of land in the district in the manner prescribed in this article for the formation hearing,  may amend the plan in any manner which it determines will not substantially reduce the benefits to be received by any land in the district from the rural road improvements on completion of the work to be performed under the plan. C. The hearings required by this section shall be conducted in the same manner as a hearing on formation,  and the right to object to the change in the district or the improvement plan shall be the same as for the hearing on formation.
AZ Rev Stat § 48-1044 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1044 - Finances

48-1044.  Finances The rural road improvement projects may be financed from the following sources of revenue: 1. Proceeds received from the sale of bonds of the district. In addition to issuing general obligation bonds as prescribed by section 48-1045,  the district may issue improvement bonds in the manner prescribed for county improvement districts established pursuant to article 1 of this chapter that are payable over not more than ten years. 2. Monies of the county that are contributed to the district. 3. State or federal grants. 4. Private contributions. 5. Any other monies available to the district by law.
AZ Rev Stat § 48-1045 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1045 - General obligation bonds

48-1045.  General obligation bonds A. At any time after the hearing on formation of the district,  the district board,  or if before formation,  the board of supervisors,  may order and call a general obligation bond election to submit to the qualified electors of the district the question of authorizing the district board to issue general obligation bonds of the district to provide monies for any rural road improvements. The election may be combined with the formation election,  but 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). B. The district shall not issue bonds which would cause the aggregate principal amount of bonds outstanding to exceed twenty-five per cent of the full cash value of real property in the district on the date of issue. C. If general obligation bonds are approved at an election,  the district board may issue and sell general obligation bonds of the district. D. The district board may issue and sell general obligation refunding bonds to refund any general obligation bonds of the district. No election on the issuance of such refunding bonds is required.
AZ Rev Stat § 48-1046 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1046 - Terms of bonds

48-1046.  Terms of bonds A. With respect to any bonds,  the district board shall prescribe the denominations of the bonds,  the size of each issue and the form of the bonds and shall establish the maturities,  interest payment dates and interest rates,  whether fixed or variable,  not exceeding the maximum rate stated in the notice of the election. The bonds may be sold at public or private sales at,  below or above par. The proceeds of the sales shall be deposited with the county treasurer as ex officio treasurer of the district,  or with a trustee or agent designated by the district board,  to the credit of the district to be withdrawn for the purposes provided by this article. The bonds may contain such terms,  conditions,  covenants and agreements as the board deems proper. B. In order to secure the payment of the bonds and interest on the bonds the board by resolution may set aside,  regulate and dispose of reserve and sinking funds.
AZ Rev Stat § 48-1047 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1047 - District taxes

48-1047.  District taxes The district board shall make annual statements and estimates of the amount to be raised to pay general obligation bonds of the district,  which shall be provided for by the levy and collection of ad valorem taxes on the assessed value of all the taxable real and personal property in the district. The district board shall file the annual statements and estimates with the clerk. The district board,  on or before the date set by law for certifying the annual budget of the county,  shall fix,  levy and assess the amounts to be raised by ad valorem taxes on all of the taxable property in the district and shall cause certified copies of the order to be delivered to the board of supervisors and the department of revenue. All statutes relating to the levy and collection of general county taxes,  including the collection of delinquent taxes and sale of property for nonpayment of taxes,  apply to the district taxes provided for by this section.
AZ Rev Stat § 48-1048 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1048 - Dissolution of district

48-1048.  Dissolution of district A. When the district board certifies that the rural road improvements for which the district was formed are completed and comply with county standards,  the district board shall dissolve the district. B. On dissolution of the district all assets of the district are transferred to the county. C. All taxable property in the district remains subject to taxes for the payment of the principal or any interest on outstanding general obligation bonds notwithstanding dissolution of the district,  and the county shall continue to levy such taxes against property in the dissolved district sufficient to produce revenue necessary to pay debt service on the bonds.
AZ Rev Stat § 48-1061 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1061 - Definitions

48-1061.  Definitions In this article,  unless the context otherwise requires: 1. " Authorized purpose"  includes any one or more of the following purposes: (a) The payment of district obligations. (b) The cost of acquiring,  constructing,  reconstructing,  equipping,  maintaining and repairing a waterworks or wastewater system as defined in section 48-901. (c) The acquisition of real property for waterworks or wastewater system needs. (d) The payment of bond related expenses. 2. " Bond related expenses"  means any expenses incurred by the district to issue and administer its bonds,  including underwriting fees and costs,  trustee fees,  financial consultant fees,  printing and advertising costs,  fiscal agent fees,  paying agent fees,  registrar fees,  transfer agent fees,  legal,  accounting,  feasibility consultant and other expert fees and expenses,  cost of credit enhancement fees,  attorney and accounting fees and expenses related to credit enhancement,  bond insurance or liquidity enhancement,  remarketing fees,  rating agency fees and costs,  travel and telephone expenses and all other fees deemed necessary by the board of directors in order to market and administer the bonds. 3. " Bonds"  means bonds of the district issued pursuant to this article. 4. " District"  means a county improvement district that operates or is formed for the purpose of operating a domestic water delivery system or a wastewater system within the district,  whether or not the district is governed in the manner described in article 4 of this chapter. 5. " Real property for wastewater system needs"  means those real properties and any appurtenances to real properties that are designated or may be designated by the board of directors as a location for or as appropriate to the construction of a wastewater system project,  including lands,  easements,  rights-of-way and other interests in lands,  the use or occupancy of which is necessary or appropriate to construct,  reconstruct,  repair,  maintain,  extend,  develop,  improve,  use or operate wastewater facilities and improvements. 6. " Real property for waterworks needs"  means those real properties,  rights to surface water or groundwater and any appurtenances to real properties that are designated or may be designated by the board of directors as a location for or as appropriate to the construction of a waterworks system project,  including lands,  easements,  rights-of-way and other interests in lands,  the use or occupancy of which is necessary or appropriate to construct,  reconstruct,  repair,  maintain,  extend,  develop,  improve,  use or operate waterworks facilities and improvements. 7. " Revenues"  includes any charge,  income or receipt by the district of money or any other thing of value except that revenues shall not include monies paid to or for the account of the district for the levy of any tax or assessment or the sale of any property by the district to satisfy or pay any delinquent tax or assessment.
AZ Rev Stat § 48-1063 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1063 - Securing principal and interest; lien of pledge

48-1063.  Securing principal and interest;  lien of pledge A. To secure the principal and interest on the bonds the board of directors by resolution may: 1. Establish and segregate a pledged revenues fund and if appropriate,  one or more accounts and subaccounts,  to secure bonds or other obligations of the district. Any of the accounts or subaccounts may be pledged or assigned to the bondholders as security for the bonds or to a trustee who may be appointed to act on behalf of the bondholders. 2. Provide that bonds issued under this article may be secured by a first lien on all or part of the monies paid into a pledged revenues fund or into any account or subaccount in the pledged revenues fund. 3. Pledge and assign to or in trust for the benefit of the holder or holders of the bonds all or part of the monies in the pledged revenues fund or an account or subaccount as is necessary to secure and pay the principal,  interest and any premium on the bonds as they come due. 4. Establish priorities among bondholders based on criteria adopted by the board of directors. 5. Set aside,  regulate and dispose of reserves and sinking funds. 6. Provide that the proceeds from the sale of the bonds or from any other revenues of the district may be used to fully or partly fund any reserves or sinking accounts established by the bond resolution. 7. Prescribe the procedure,  if any,  by which the terms of any 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. 8. Provide for payment of bond related expenses from the proceeds of the sale of the bonds or other revenues available to the district. 9. Provide for the services of trustees,  co-trustees,  agents,  registrars,  paying agents,  consultants and other specialized services with respect to the bonds. 10. Take any other action which may affect the security and protection of the bonds or interest on the bonds. B. Any pledge made under this article is valid and binding from the time the pledge is made. The monies pledged and received by the district to be placed in a pledged revenues fund are immediately subject to the lien of the pledge without any future physical delivery or further act. Any lien of any pledge is valid and binding against all parties who have claims of any kind in tort,  contract or otherwise against the district,  regardless of whether the parties have notice of the lien. The official resolution or trust indenture or any instrument by which this pledge is created,  when placed in the district's records,  is notice to all concerned of the creation of the pledge,  and those instruments need not be recorded in any other place to perfect the pledge.
AZ Rev Stat § 48-1064 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1064 - Characteristics of bonds; negotiable; exemption from taxation; obligation; legal investments

48-1064.  Characteristics of bonds;  negotiable;  exemption from taxation;  obligation;  legal investments A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code,  subject only to any provisions of registration,  regardless of whether the bonds constitute negotiable instruments under the uniform commercial code. B. The bonds,  their transfer and the income from the bonds are at all times free from taxation in this state. C. Bonds issued under this article: 1. Are payable only according to their terms. 2. Are obligations of the district payable solely from the revenues pledged therefor and are not general,  special or other obligations of this state or the county. 3. Do not constitute an indebtedness of this state,  the county or the district within any statutory or constitutional limitation on indebtedness. 4. Are neither enforceable against this state or the county nor is payment of the bonds enforceable out of any monies other than the income and revenue pledged and assigned to,  or in trust for the benefit of,  the holder or holders of the bonds. 5. Are securities in which public officers and bodies of this state and of municipalities and political subdivisions of this state,  all companies,  associations and other persons carrying on an insurance business,  all financial institutions,  investment companies and other persons carrying on a banking business,  all fiduciaries and all other persons who are authorized to invest in government obligations may properly and legally invest. 6. Are securities which may be deposited with public officers or bodies of this state and municipalities and political subdivisions of this state for purposes which require the deposit of government bonds or obligations.
AZ Rev Stat § 48-1065 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1065 - Effect of changing circumstances on bonds; agreement of state

48-1065.  Effect of changing circumstances on bonds;  agreement of state A. Bonds issued under this article are valid and binding obligations of the district notwithstanding that before the delivery of the bonds any of the persons whose signatures appear on the bonds cease to be officers of the board of directors. B. An amendment of any provision in this chapter does not diminish or impair the validity of bonds issued under this article or the remedies and rights of the holders of such bonds. C. This state pledges to and agrees with the holders of the bonds authorized by this article that this state will not limit,  alter or impair the rights vested in the district to collect the revenues necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the bonds,  or in any way impair the rights and remedies of the bondholders,  until all bonds issued under this article,  together with interest on the bonds,  interest on any unpaid installments of principal or interest and all costs and expenses in connection with any action or proceedings by or on behalf of the bondholders,  are fully met and discharged. The district,  as agent for this state,  may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds.
AZ Rev Stat § 48-1066 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-1066 - Validity of bonds; certification by attorney general

48-1066.  Validity of bonds;  certification by attorney general A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or which in any way impedes or restricts performing the acts authorized by this article may be construed to apply to any proceedings taken or acts done pursuant to this article. B. The validity of bonds issued under this article is not dependent on or affected by the legality of any proceeding relating to the acquisition,  construction,  improvement or extension of a waterworks system for which the bonds are issued or the actual receipt by any party of the notice described in section 48-1062,  subsection C. C. The district may,  but shall not be required to,  submit any bonds to be issued under this article to the attorney general after all proceedings for authorizing the bonds have been completed. On submission the attorney general shall examine and pass on the validity of the bonds and the regularity of the proceedings. If the proceedings comply with this article,  and if the bonds when delivered and paid for will constitute binding and legal obligations of the district,  the attorney general shall certify on the back of each bond,  in substance,  that it is issued according to the constitution and laws of this state. D. The bonds shall recite that they are regularly issued pursuant to this article. That recital,  together with any certification by the attorney general under subsection C of this section,  constitutes prima facie evidence of the legality and validity of the bonds. From and after the sale and delivery of the bonds,  they are incontestable by this state,  the county or the district.