reglab/housing_qa huggingface dataset:
AZ Rev Stat § 48-3203 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3203 - Authorization of expenditures from proceeds of certified bonds by state certification board

48-3203.  Authorization of expenditures from proceeds of certified bonds by state certification board When the bonds of a district have been certified as provided by sections 48-3202 through 48-3204,  no expenditure of any kind shall be made from the proceeds thereof without the consent of the state certification board,  and no obligation shall be incurred which is payable from such proceeds without previous authorization of the state certification board.
AZ Rev Stat § 48-3204 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3204 - Issuance of certificate; form

48-3204.  Issuance of certificate;  form A. When any bond of a district,  including any bond authorized but not sold,  that is eligible for certification by the director of the department of administration as provided by section 48-3202 is presented to the director of the department of administration,  the director of the department of administration shall attach a certificate to the bond in substantially the following form: Phoenix,  Arizona  ________________________  (insert date)  I,  __________________________ director of the department of administration of the state of Arizona,  do hereby certify that the within bond,  number _______________,  of series number ______________ of the _________________ district,  issued _______________________ (insert date),  is,  in accordance with an act of the legislature of the state of Arizona,  approved _____________________ (insert date),  a legal investment for the funds of savings banks in the state of Arizona,  and may be deposited to secure public monies,  it being entitled to such privilege by virtue of an examination by the director of water resources,  the attorney general and the deputy director of the financial institutions division of the department of insurance and financial institutions of the state of Arizona in pursuance of said act. _____________________________ Director of the department of administration of the state of Arizona. B. A facsimile of the signature of the director of the department of administration impressed on the certificate shall be a sufficient signing thereof,  provided that the imprint of the seal of the director of the department of administration shall appear on both the certificate and the bond over the facsimile signature.
AZ Rev Stat § 48-3205 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3205 - Payment of expenses of state certification board

48-3205.  Payment of expenses of state certification board All necessary expenses incurred in making the investigations and findings provided for by section 48-3202 shall be paid as the state certification board requires by the district whose bonds and property have been investigated by such board,  but the district whose property and bonds have been investigated shall have the benefit of any data obtained by the state certification board.
AZ Rev Stat § 48-3206 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3206 - Payment of bonds and interest

48-3206.  Payment of bonds and interest A. The bonds and the interest thereon shall be paid by revenue derived from an annual assessment and levy of taxes upon the real property of the district,  and the real property of the district shall be liable to taxation for such payments. B. Any parcel of land in the district,  upon payment made at any time before maturity of such bonds of that proportion of the bonded indebtedness of the district which the acreage of the parcel of land bears to the total bonded acreage of the district,  together with interest on such amount up to the next following interest-paying day,  shall be released and discharged from the further levy of taxes for payment of the principal and interest of the bonds of the district then outstanding,  except as otherwise provided for a tax levy in event of default at maturity of bonds.
AZ Rev Stat § 48-3207 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3207 - Drinking water facility projects; loan repayment agreements; definitions

48-3207.  Drinking water facility projects;  loan repayment agreements;  definitions A. Notwithstanding any other law,  an irrigation or water conservation district may construct,  acquire,  or improve a drinking water facility with monies borrowed from or financial assistance,  including forgivable principal,  provided by the water infrastructure finance authority of Arizona pursuant to title 49,  chapter 8. B. To repay a loan from the authority a district may enter into a loan repayment agreement with the authority. A loan repayment agreement is payable from any revenues otherwise authorized by law to be used to pay long-term obligations. C. The board shall obtain approval for the loan repayment agreement in the same manner provided by law for approving and issuing other obligations payable from those revenues that are to be used to pay the loan. D. A loan repayment agreement entered into pursuant to this section shall contain the covenants and conditions pertaining to the construction,  acquisition or improvement of a drinking water facility and repayment of the loan as the authority deems proper. Loan agreements may provide for the payment of interest on the unpaid principal balance of the agreement at the rates established in the agreement. The agreement may also provide for payment of the irrigation or water conservation district's proportionate share of the expenses of administering the drinking water revolving fund established by section 49-1241 and may provide that the irrigation or water conservation district pay financing and loan administration fees approved by the authority. These costs may be included in the assessment amounts pledged to repay the loan. Districts are bound by and shall fully perform the loan repayment agreements,  and the agreements are incontestable after the loan is funded by the authority. The irrigation or water conservation district shall also agree to pay the authority's costs in issuing bonds or otherwise borrowing to fund a loan. E. A loan repayment agreement under this section does not create a debt of the irrigation or water conservation district,  and the authority shall not require that payment of a loan agreement be made from other than those sources permitted in subsection B. F. An irrigation or water conservation district may employ or contract for the services of attorneys,  accountants,  financial consultants and other experts in their field as deemed necessary to perform services with respect to the loan repayment agreement. G. This section is supplemental and alternative to any other law under which a district may borrow money or issue bonds. This section shall be construed as the exclusive authorization to enter into loan agreements with the authority. H. For the purposes of this section: 1. " Authority"  means the water infrastructure finance authority of Arizona. 2. " Board"  means the water infrastructure finance authority of Arizona board of directors.
AZ Rev Stat § 48-3211 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3211 - Construction of article

48-3211.  Construction of article The powers conferred by this article are in addition and supplemental to the powers conferred by any other law. It is the purpose and intent of this article to create full and complete additional and alternate methods for the exercise of such powers. Insofar as the provisions of this article are inconsistent with the provisions of any existing law,  the provisions of this article control. This article is necessary for and to secure the public health,  safety,  convenience and welfare of the owners and occupants of lands lying within the boundaries of the district and shall be liberally construed to effect its purposes.
AZ Rev Stat § 48-3212 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3212 - Definitions

48-3212.  Definitions In this article,  unless the context otherwise requires: 1. " Bonds"  means revenue bonds and includes notes if applicable. 2. " Undertaking"  means for the purpose of this article the purchase,  construction,  leasing or acquisition of any real or personal property,  works or facilities which the district is authorized by law to purchase,  construct,  lease or otherwise acquire,  or the improvement,  reconstruction,  extension or addition to any real or personal property,  works or facilities owned or operated by the district,  or any program of development involving real or personal property,  works or facilities which the district is authorized by law to purchase,  construct,  lease or otherwise acquire or the improvement,  reconstruction,  extension or addition to such program,  but does not include the acquisition by the exercise of the right of eminent domain or condemnation of any existing electrical works or electrical facilities.
AZ Rev Stat § 48-3213 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3213 - Purpose for which revenue bonds may be issued

48-3213.  Purpose for which revenue bonds may be issued After the organization of an irrigation district,  the board of directors may cause revenue bonds to be issued for any undertaking.
AZ Rev Stat § 48-3214 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3214 - Powers of district

48-3214.  Powers of district In exercising the powers granted or permitted by law,  the district may: 1. Issue its bonds to finance all or part of the costs of any undertaking. 2. Pledge to the punctual payment of the bonds and interest thereon the revenue of the district,  or any part thereof,  or all or any part of the revenue from the undertaking,  including improvements or extensions thereafter constructed or acquired,  sufficient to pay the bonds and interest as they become due,  and to create and maintain reasonable reserves therefor. The board of directors,  in determining the cost of the undertaking,  may include all costs and estimated costs of the issuance of the bonds,  all engineering,  inspection,  fiscal and legal expenses,  and interest which it is estimated will accrue on money borrowed or which will be borrowed during the construction period and for such period thereafter as the board may determine,  initial reserve funds for debt service and working capital,  the costs of the services of agents or persons,  corporations,  firms,  partnerships or associations,  employed,  or consultants,  advisors,  engineers or fiscal,  financial or other experts in the planning,  preparation,  supervision and financing of such undertaking. 3. Fix,  levy and collect fees,  rentals or other charges for the use of or in connection with the services and facilities of the district or the undertaking,  and,  if any agreements with holders of bonds are made as may be provided by law,  to fix,  levy and collect such fees,  rentals and other charges in accordance with such agreements and subject thereto.
AZ Rev Stat § 48-3215 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3215 - Revenue bonds

48-3215.  Revenue bonds A. To undertake,  carry out and accomplish any of the purposes and powers of the district authorized or permitted by law,  the district may borrow money and issue its negotiable bonds therefor. No bonds may be issued unless authorized by a resolution of the board of directors adopted by an affirmative vote of a majority of its members,  which shall set forth a brief description of the undertaking to be accomplished,  the estimated cost thereof and the amount,  maximum rate of interest and time of payment of the bonds. Written notice of any meeting of the board for the purpose of taking action under this section shall be sent to all members thereof by certified mail at least ten days before the date of the meeting. B. The principal of and interest on such bonds and premiums,  if any,  shall be payable solely from the revenue of the district,  or any part thereof,  or all or any part of the revenue from the undertaking,  as shall be pledged thereto in the authorizing resolution,  which may include,  if the resolution so provides,  revenue derived by reason of future improvements,  enlargements,  extensions or repairs thereto,  or revenues from the operation of all or part of the district or undertaking. No bond or coupon may be issued pursuant to this article for which taxes or assessments on or against the lands included in the district may be levied,  nor may payment thereof be enforceable out of any funds other than the revenue pledged to the payment thereof. Notwithstanding any other provision of law,  bonds issued under this article are not a lien on the real property in the district,  and neither such bonds nor the interest thereon may be payable from the levy of taxes on the real property in the district. No referendum or election is required for the issuance of bonds authorized in this article.
AZ Rev Stat § 48-3216 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3216 - Forms of bonds

48-3216.  Forms of bonds A. All bonds and coupons issued under this article are payable in lawful money of the United States and shall be payable in not exceeding fifty years from the date of the bond. B. The bonds may be issued in one or more series,  bear such date or dates,  mature at such time or times not exceeding fifty years from their respective dates,  be in such denomination or denominations,  be in such form,  carry such registration,  exchangeability and interchangeability privileges,  be payable in such medium of payment and at such place or places,  within or without this state,  be subject to such terms of redemption before their express maturity at such time with or without premium,  be equally and ratably secured without priority,  or be entitled to or subject to such priorities on all or any portion of such revenues and receipts of the district or of the undertaking and contain such other terms,  conditions and covenants as the board of directors may adopt in the authorizing resolution. C. The bonds shall bear interest at such rate or rates and are payable at such time or times and in such manner as the board of directors may determine by resolution. D. The bonds shall be fully negotiable within the meaning of and for all the purposes of the law merchant and the uniform commercial code of this state,  subject only to the provisions of the bonds for registration. The bonds shall be signed by the president or vice-president and the secretary or assistant secretary of the district,  either manually or by their printed,  engraved or lithographed facsimile signatures,  except that at least one signature shall be manual,  with the seal of the district or a facsimile thereof affixed thereto,  as determined by resolution of the board of directors. The bonds of each issue shall be numbered consecutively and shall bear the date of their issue. Coupons for the several installments of interest shall be attached to each coupon bond and shall bear the facsimile signature of the secretary or the assistant secretary,  as determined by resolution of the board of directors. The bonds shall express on their faces that they are signed by authority of this article and shall state the title of the issue of which the bonds are a part. E. Pending the preparation and delivery of definitive bonds,  the district may issue interim certificates or temporary bonds,  exchangeable for definitive bonds when such bonds are executed and available for delivery. The interim certificates or temporary bonds may contain terms and conditions as the board of directors may determine.
AZ Rev Stat § 48-3217 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3217 - Adoption of resolution; trust agreement

48-3217.  Adoption of resolution;  trust agreement For the purpose of this article,  the board of directors of any district by affirmative vote of a majority of its members may adopt a resolution relating to the exercise of the powers granted by this article and to any other matters necessary to effectuate the full intent and purpose of this article. In the discretion of the board of directors,  any bond issued pursuant to this article may also be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents,  which may be any trust company or bank having the powers of a trust company within or without this state. Any such resolution adopted is effective on its adoption unless otherwise specified therein. Written notice of any meeting of the board for the purpose of taking action under this section shall be sent to all members of the board by certified mail at least ten days before the date of such meeting.
AZ Rev Stat § 48-3219 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219 - Bond anticipation notes

48-3219.  Bond anticipation notes A district,  at any time after the issuance of bonds is authorized,  may borrow money for the purposes for which such bonds are to be issued in anticipation of the receipt of the proceeds of the sale of such bonds and within the authorized maximum amount of such bond issue. Bond anticipation notes shall be issued for all monies so borrowed under this section. Such notes may be issued for a period not exceeding one year and may be renewed from time to time for periods of not exceeding one year,  but each such note,  including renewals,  shall mature and be paid not later than the fifth anniversary of the date the original note was issued. Such notes shall be authorized by resolution of the board and shall be in such denomination or denominations,  shall bear interest at such rate or rates approved by the board of directors,  shall be in such form and shall be executed in such manner,  all as the board of directors shall prescribe. Such notes shall be sold at public or private sale or,  if such notes are renewal notes,  they may be exchanged for notes then outstanding on such terms as the board shall determine.
AZ Rev Stat § 48-3219.01 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219.01 - Sale of bonds

48-3219.01.  Sale of bonds A. Bonds shall be sold at public or private sale,  as the board of directors may determine. B. If the board of directors determines to sell such bonds at public sale,  notice of the sale shall be given by publication for at least three days in a newspaper of general circulation in the county in which the office of the board of directors is located,  and in such other newspaper as the board directs. The notice shall state that sealed bids will be received by the board at its office for the purchase of the bonds until the day and hour named in the resolution. C. At the time appointed,  the board shall meet and open the bids and award the purchase of the bonds or reject any or all bids. The board,  by the resolution and notice,  may require a deposit or certified check as an evidence of good faith to accompany each bid for the bonds. The bonds may be sold at such price or prices as the board may determine. D. The district secretary shall keep a record of the bonds sold,  their number,  the date of sale,  the price received and the name of the purchaser or purchasers.
AZ Rev Stat § 48-3219.02 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219.02 - Purchase of bonds by districts

48-3219.02.  Purchase of bonds by districts A district may purchase its bonds authorized to be issued in this article out of any monies available for that purpose. A district shall cancel forthwith any bonds so purchased.
AZ Rev Stat § 48-3219.03 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219.03 - Disposition of proceeds and other monies

48-3219.03.  Disposition of proceeds and other monies All proceeds received from the sale of the bonds,  all fees,  rental or other charges received by the district from any undertaking financed by the bonds and all monies received from any source in connection with the bonds shall be used,  applied and disposed of as the board determines by its bond resolution or trust agreement.
AZ Rev Stat § 48-3219.04 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219.04 - Validity of bonds; nonliability of officers and directors

48-3219.04.  Validity of bonds;  nonliability of officers and directors A. Bonds issued under this article and bearing the signature of officers in office on the date of the signing thereof are valid and binding obligations,  notwithstanding that,  before delivery and payment thereof,  any of the persons whose signatures appear thereon have ceased to be officers of the district issuing the bonds. B. The validity of the bonds are not dependent on nor affected by the validity or regularity of any proceedings relating to the construction,  improvement,  reconstruction,  acquisition or extension of the undertaking financed by the bonds or acquired in connection therewith. C. No member of the board of directors or officer of the district issuing bonds is liable personally on such bonds.
AZ Rev Stat § 48-3219.05 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3219.05 - Bonds; legal investment

48-3219.05.  Bonds;  legal investment Notwithstanding any other law,  all bonds,  including refunding bonds,  issued pursuant to this chapter are legal investments for savings banks,  banks,  savings and loan associations,  trust companies,  executors,  administrators,  trustees,  guardians and other fiduciaries,  and for any board,  body,  agency or instrumentality of this state,  or of any county,  municipality or other political subdivision of this state,  and are securities which may be deposited by banks,  savings and loan associations or trust companies as security for deposits of state,  county,  municipal and other public monies.
AZ Rev Stat § 48-3221 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3221 - Refunding bonds authorized

48-3221.  Refunding bonds authorized The board of directors of an irrigation district may,  when expedient,  issue refunding bonds to refund the bonded indebtedness of the district.
AZ Rev Stat § 48-3226 (2021)
2021 Arizona Revised Statutes|Title 48 - Special Taxing Districts|§ 48-3226 - Payment of matured refunding bonds or coupons; cancellation of redeemed bonds

48-3226.  Payment of matured refunding bonds or coupons;  cancellation of redeemed bonds A. When any refunding bonds mature the district treasurer shall give notice for four weeks in a newspaper published in the county in which the district is located of the intention to redeem such bonds,  stating the amount thereof. The redemption shall thereupon be made and all such bonds shall cease to draw interest at the expiration of four weeks after the date of notice. If the bonds called for redemption are not presented within three months from the date of notice,  the treasurer shall apply the money to the redemption of bonds next in the order of the number of their issue. B. The interest coupons when due and payable shall be delivered to the treasurer who shall pay the interest and write the word " cancelled"  across the face thereof,  which shall be the treasurer's receipt for their payment. When any bonds are redeemed the treasurer shall in like manner mark them " cancelled"  on the face thereof,  over his signature,  and deliver them to the secretary of the district,  taking his receipt therefor,  and the secretary shall file them in his office and report that they have been filed to the directors.