AZ Rev Stat § 48-4853 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-4853 - Functional powers of board

48-4853.  Functional powers of board The board,  for and in the name of the district,  may: 1. Acquire in any lawful manner,  except as limited by this chapter,  and sell,  lease,  exchange or otherwise dispose of real and personal property,  easements and rights-of-way that are necessary or required for the uses and purposes of the district. 2. Construct,  maintain and operate all works and other property acquired and used for any of the projects owned by the district. 3. Acquire,  hold,  assign or otherwise dispose of long-term storage credits registered to storage accounts under any provision of title 45,  chapter 3.1. 4. Accept appointment or other authorization and act as agent of any operating unit for purposes of acquiring,  transporting,  delivering,  treating or storing water pursuant to this chapter. 5. Issue bonds and pledge all or part of its revenue from any source for security and payment of its bonds except replenishment tax and replenishment assessment revenues generated under article 7 of this chapter. 6. Negotiate,  make,  execute,  acknowledge and perform any contract,  agreement or obligation it deems advisable for the interest of the district or to carry out or accomplish the purposes of this chapter,  including agreements to acquire water supplies,  for water exchanges and for water deliveries. 7. Except as otherwise limited by this chapter,  acquire electricity or other forms of energy necessary to transport water or otherwise operate the projects of the district. 8. Plan,  coordinate,  construct,  operate,  maintain and dismantle water augmentation projects including treatment,  water storage,  storage facilities and recovery wells and retention projects and,  in conjunction with county flood control districts,  flood control projects for water augmentation purposes. 9. Provide technical or financial assistance to operating units relating to developing water supplies for purposes of the management goals and plans adopted under title 45,  chapter 2. 10. At any time after the adoption of a plan of permanent operation and administration,  adopt an ordinance or resolution directing the district to undertake the water district groundwater replenishment obligations of water district member lands and water district member service areas pursuant to section 48-4982. 11. Advance monies necessary for the installation,  construction,  repair,  maintenance or replacement of capital improvements related to water storage,  storage facilities and recovery wells for replenishment purposes or any other replenishment activities of the district undertaken pursuant to article 7 of this chapter. Monies advanced under this paragraph shall bear interest as determined by the board. Repayment of the advances shall be amortized over the useful life of the capital improvements,  as determined by the board. 12. Advance monies for the payment of the operation and administrative costs and expenses of the district relating to performance of the water district groundwater replenishment obligations under article 7 of this chapter and including reasonable reserves. Monies advanced under this paragraph shall bear interest as determined by the board. Repayment of the advances shall be amortized over a reasonable period,  as determined by the board. 13. Assign to the water district account of the district at fair value long-term storage credits held by the district and accrued through water storage. 14. Conduct any other activities that are reasonably necessary and related to the powers and duties described by this chapter.