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2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4231 - County stadium district fund

48-4231.
County stadium district fund
A. The district treasurer shall maintain a county stadium district fund consisting of all monies received by the district,  including:
1. Payments received from leasing,  subleasing or renting property owned,  leased or controlled by the district.
2. Revenues received by the district from admissions and concessions and other proceeds from events held at a stadium owned or leased by the district.
3. Monies received from issuing and selling bonds under article 3 of this chapter.
4. Interest and other income received from investing monies in the fund.
5. Gifts,  grants and donations received for that purpose from any public or private source.
B. Monies in the fund may be used for any lawful purpose of the district.
C. The district treasurer may invest any unexpended monies in the fund as provided in title 35,  chapter 2. Notwithstanding section 35-323,  the district treasurer may invest and reinvest monies in the fund,  other than operating fund monies,  in eligible investments with a maturity of greater than five years. Interest and other income from investments shall be credited to the fund. The district treasurer shall invest the monies so as to mature at the times when the fund assets will be required for the purposes of this article. If the liquid assets in the fund become insufficient to meet the district's obligations,  the board of directors shall direct the district treasurer to liquidate sufficient securities to meet all of the current obligations and immediately notify the auditor general of the insufficiency,  and the auditor general shall investigate and audit the circumstances surrounding the depletion of the fund and report the auditor general's findings to the board.
D. Except as provided by section 48-4231.01,  the board of directors shall cause an annual audit to be conducted of the fund by an independent certified public accountant within one hundred twenty days after the end of the fiscal year. The board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make such further audits and examinations as the auditor general deems necessary,  but if the auditor general takes no official action within thirty days after the audit is filed,  the audit is deemed sufficient. The board of directors shall pay all fees and costs of the certified public accountant and auditor general under this subsection from the fund.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4231.02 - Financial reports; database of expenditures

48-4231.02.
Financial reports;  database of expenditures
A. Each district established pursuant to section 48-4202,  subsection B shall maintain on its official website a database of expenditures made by the district. The database shall allow users to:
1. Search and aggregate payments by payee.
2. Search and aggregate payments by project.
3. Search and aggregate payments by year.
4. Search and aggregate all payments made by the district.
5. Download information yielded by a user query.
B. Each expenditure listing contained in the database shall include:
1. The date and amount of each payment.
2. The name of the payee.
3. The project for which the payment was made.
4. The purpose for which the payment was made.
5. The fund or budget account from which the payment was made.
C. Each district established pursuant to section 48-4202,  subsection B shall maintain on its official website the annual financial reports of the district and a listing and the sum of the payments made to the district pursuant to section 42-5031.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4232 - Annual budget

48-4232.
Annual budget
A. Not later than June 30 each year the board of directors shall hold a public hearing to adopt and submit to the clerk of the county board of supervisors a budget for the following fiscal year which shall include:
1. Receipts during the past fiscal year.
2. Expenditures during the past fiscal year.
3. Estimates of amounts necessary for expenses during the following fiscal year including amounts proposed for:
(a) Costs of maintaining,  operating and managing the stadium.
(b) Promotional and marketing expenses of the district for the following year.
4. Anticipated revenue to the district in the following fiscal year.
5. A complete asset and liability statement.
6. A statement of profit or loss from operations.
7. Cash on hand as of the date the budget is adopted and the anticipated balance at the end of the current fiscal year.
8. An itemized statement of commitments,  reserves and anticipated obligations for the following fiscal year.
B. The board may amend the budget on a finding of good cause.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4235 - Assessment in lieu of property tax; rate; administration

48-4235.
Assessment in lieu of property tax;  rate;  administration
A. The board of directors of a district established pursuant to section 48-4202,  subsection C shall provide by intergovernmental agreement for the imposition and collection of an assessment from prime commercial lessees of Arizona board of regents' property in the district.
B. The board of directors shall determine the amount of the assessment each year as follows:
1. Determine the valuation of each parcel of Arizona board of regents' property in the same manner as is used by the county assessor to determine the valuation of similar property in the county. The board of directors shall make available the method and calculation of the valuation of any property on request. On the petition of a prime lessee,  the board of directors shall meet with the petitioner to resolve any disagreement on the amount of the valuation.
2. Compute a comparable assessed valuation by applying the appropriate assessment percentage prescribed by title 42,  chapter 15,  article 1 to the valuation determined under paragraph 1.
3. Multiply the comparable assessed valuation determined under paragraph 2 by a rate per one hundred dollars established by the board of directors,  but not to exceed the composite tax rates of all taxing jurisdictions in which the parcel of property is located.
C. The district treasurer shall collect the assessment from the prime lessee. The district treasurer shall deposit the net revenues from the assessment in the district fund to be used for the purposes allowed by this chapter.
D. The board of directors may pledge all or part of the assessment revenues to secure district bonds or financial obligations under this chapter. The board of directors must continue to impose and collect the assessment in an amount that is at least adequate for all debt service requirements of the district under this chapter.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4252 - Bond obligations of the district

48-4252.
Bond obligations of the district
Bonds issued under this article are obligations of the county stadium district,  are payable only according to their terms from revenues from the taxes and surcharges levied pursuant to article 2 of this chapter and are not general,  special or other obligations of this state or the county. The bonds do not constitute a legal debt of this state or the county and are not enforceable against this state or the county. Payment of the bonds is not 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.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4253 - Certification of bonds by attorney general

48-4253.
Certification of bonds by attorney general
The board may submit any bonds issued under this article to the attorney general after all proceedings for their authorization 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 he determines that,  when delivered and paid for,  the bonds will constitute binding and legal obligations of the board,  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.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4254 - County stadium district bonds as legal investments

48-4254.
County stadium district bonds as legal investments
County stadium district bonds issued under this article 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 obligations of the county may properly and lawfully invest. The bonds are also 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 state or county bonds or obligations.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4255 - Agreement of state

48-4255.
Agreement of state
This state pledges to and agrees with the holders of the bonds and other obligations authorized under this article that it will not limit,  alter or impair the rights vested in the county stadium district to collect and receive monies,  including the taxes and surcharges levied pursuant to article 2 of this chapter or an equivalent source,  necessary to produce sufficient revenue to fulfill the terms of any agreements made with the holders of the bonds or other obligations or in any way impair the rights and remedies of the holders of the bonds or obligations,  until all bonds and obligations issued and incurred under this article,  together with interest,  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 board as agent for this state may include this pledge and undertaking in its resolutions and indentures authorizing and securing its bonds and obligations.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4403 - District as municipal corporation; exemption from taxation; judicial review

48-4403.
District as municipal corporation;  exemption from taxation;  judicial review
A. A groundwater replenishment district is a public improvement district of this state and a municipal corporation to the extent of the powers,  privileges and immunities conferred by this chapter or granted generally to municipal corporations by the constitution and statutes of this state,  including the immunities and exemptions provided by article XIII,  section 7,  Constitution of Arizona,  except as specifically limited by this chapter.
B. The board is regarded as performing a governmental function in carrying out the purposes of this chapter and is not required to pay taxes or assessments on any of the property acquired or constructed,  on the activities of the board in maintaining and caring for such real property or on the monies derived from the property.
C. Decisions of the board of directors under title 45 or this chapter are subject to judicial review only to the same extent and in the same manner as decisions of other special taxing districts under this title.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4432 - Board; members; term; compensation

48-4432.
Board;  members;  term;  compensation
A. The district shall be administered by a board of directors of nine persons consisting of six division directors,  representing divisions established under section 48-4461,  paragraph 4,  and three at large directors. A division director shall be a qualified elector of a county located in whole or in part in the district,  a resident of the division that the division director represents and a customer of a district member. An at large director shall be a qualified elector of a county located in whole or in part in the district and a resident of the district.
B. The governor shall appoint the initial members of the board of directors of a district,  no more than two of whom may reside in the same county board of supervisors district,  who shall serve until the board members elected under subsection C of this section take office.
C. At the first statewide general election after the district is established,  the division directors from divisions one,  two and three shall be elected to serve a term of four years and the division directors from divisions four,  five and six shall be elected to serve a term of two years. On the third Tuesday of November in that year,  the three at large directors shall be elected by district members pursuant to section 48-4433,  subsection E. The three at large directors shall be elected to serve a term of four years. Thereafter,  all board members shall be elected to serve a term of four years. Board members shall take office on January 1 of the year following their election. Board members may be reelected.
D. A vacancy on the board shall be filled by appointment by the governor. If a vacancy occurs among the division directors,  the governor shall appoint a replacement from the division in which the vacancy occurs.
E. Each board member is eligible to receive compensation pursuant to section 38-611 and is eligible for reimbursement for travel and subsistence expenses while engaged in the business of the district.
F. Members of the board are public officers and are subject to all provisions of law applicable to such officers. The provisions of title 38,  chapter 3,  article 8,  relating to conflict of interest,  apply to all board members,  officers and employees of the district. Board members are local public officers for purposes of title 38,  chapter 3.1.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4434 - Board; organization; oath; bond

48-4434.
Board;  organization;  oath;  bond
A. Not later than thirty days after appointment of the initial board by the governor,  and after each election for members of the board,  the board shall meet and select a president,  vice-president and secretary from its membership.
B. Each board member shall qualify by taking and subscribing an official oath of office as prescribed by title 38 and executing a bond to this state in an amount of ten thousand dollars conditioned on the faithful performance of the duties of office.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4435 - Meetings of the board

48-4435.
Meetings of the board
The board shall hold its regular annual meeting in the district at such time and place as may be fixed by the board and shall hold additional meetings as necessary to transact business on the call of the president of the board or on the request of two or more board members. No business may be transacted at any meeting of the board in the absence of a quorum that consists of a majority of the board members.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4461 - Duties of the board

48-4461.
Duties of the board
A. The board of directors shall:
1. Manage and conduct the business and affairs of the district.
2. Make and execute all necessary contracts and other instruments that shall be signed by the president or by another board member or an employee of the district designated for that purpose.
3. Establish and enforce bylaws,  resolutions,  ordinances and policies for governing the board and the organization and management of the business and affairs of the district.
4. Determine the boundaries of the divisions in the district that shall be numbered respectively divisions one,  two,  three,  four,  five and six. After each United States decennial census the board shall define the boundaries and limits of each division and shall:
(a) Make the divisions equal or as nearly equal in population as is practicable,  based on the census.
(b) Make the configuration of each division as compact as practicable consistent with equal population.
(c) Preserve existing communities of interest within the same division to the extent practicable.
(d) If possible,  align the divisions over identified groundwater sub-basins and the division boundaries along existing voting precinct boundaries,  survey lines or political or administrative boundaries.
5. Adopt a name for the district that includes the words " groundwater replenishment district" .
6. Adopt a seal for the district and alter it at its pleasure.
7. Employ a general manager,  who shall serve at its pleasure,  and define and fix his or her duties and compensation.
8. Require that all monies received on behalf of the district be deposited in such funds as may be established by the district to be spent at the direction of the board as provided by this chapter. Monies that are not required immediately may be invested for periods of not more than five years in any of the following,  unless otherwise provided:
(a) Certificates of deposit.
(b) Repurchase agreements with public depositories.
(c) Obligations issued or guaranteed by the United States or any of the senior debt of its agencies,  sponsored agencies,  corporations,  sponsored corporations or instrumentalities.
(d) Securities issued by this state or an agency or instrumentality of this state.
(e) An investment pool established under section 35-326.
9. Appoint a seven member technical advisory committee from individuals nominated by district members.
10. Perform all acts necessary to carry out the purposes of this chapter.
B. Immediately on organization,  the initial board of directors shall initiate proceedings to determine the application of federal voting laws to the district and shall take any necessary action to comply with the applicable federal laws.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4464 - District member's replenishment account; statements; credits

48-4464.
District member's replenishment account;  statements;  credits
A. The district shall establish and maintain a replenishment account for each district member. After the district computes each member's replenishment obligation,  the district shall adjust the existing balance in the member's replenishment account as follows:
1. Debit the member's replenishment account in the amount of the member's replenishment obligation as computed under section 48-4463.
2. Credit the member's replenishment account in an amount equal to any replenishment services pursuant to sections 48-4470,  48-4472 and 48-4501 that the member purchased during the reporting year.
B. On or before May 15 of each year,  the district shall issue to each member:
1. An account statement of the balance in the member's account as of December 31 of the reporting year.
2. A credit certificate to each member that has a net credit balance in its account. The certificate shall state the net credit in the member's account.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4465 - Transfer of credits

48-4465.
Transfer of credits
A. Any district member that holds a credit certificate may transfer all or any part of its credits to the district or to any other district member.
B. The district member that transfers any credit shall report the transfer to the district within ten days after the date of the transfer.
C. The district shall maintain a register of the ownership of all credits. The register shall be open to inspection by district members during the district's normal business hours.
D. A district member that purchases credits in good faith and without notice of any defect or any defense that the district has with respect to the credits may transfer the credits pursuant to this section or surrender credits pursuant to section 48-4466,  subsection A,  paragraph 3 and the district may not raise any defense it may have against the transferor as a defense against the transferee. The district is not liable to any person for any action it takes in reliance on a report of a credit transfer,  including accepting and cancelling surrendered credits under section 48-4466,  subsection A or issuing a new credit certificate to a transferee.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4466 - Settlement of replenishment accounts

48-4466.
Settlement of replenishment accounts
A. On or before June 30 of each year,  a district member whose replenishment account reflects a net debit balance shall:
1. Enter into a contract with the district for replenishment services pursuant to section 48-4470 in an amount sufficient to offset the debit balance or allocate an amount of services under an existing contract to the reporting year in an amount sufficient to offset the debit balance.
2. Purchase replenishment services pursuant to section 48-4472 in an amount sufficient to offset the debit balance,  designating the replenishment services to be used for that purpose.
3. Surrender credits to the district pursuant to section 48-4465 in an amount sufficient to offset the debit balance.
B. On or before August 15 of each year,  the district shall prepare a revised account statement for each district member that reflects any purchase of replenishment services or surrender of credits by the district member pursuant to subsection A of this section.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4467 - Drought relief account

48-4467.
Drought relief account
A. The district shall establish and maintain a drought relief account for the district beginning January 1 of the third calendar year following the year in which the district is established with a balance of zero on that date.
B. At the end of each calendar year,  beginning with the third calendar year following the year in which the district is established,  the district shall register a credit to the account in the amount of the district's historic annual net natural recharge.
C. Beginning with the fifth calendar year following the year in which the district is established,  the district shall register a debit to the account not later than May 15 of a calendar year if the preceding calendar year was a drought year for any district member and the district member withdrew drought replacement groundwater during that preceding calendar year. The amount of the debit shall equal the total amount of drought replacement groundwater withdrawn by all district members during that preceding calendar year,  up to the amount of any credits in the account. A district member's share of the debit shall be computed by dividing the amount of drought replacement groundwater withdrawn by the district member during that preceding calendar year by the total amount of drought replacement groundwater withdrawn by all district members during that preceding calendar year and multiplying the quotient by the amount of the debit.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4469 - Direct delivery of water

48-4469.
Direct delivery of water
A. The district may contract with a district member,  in one year increments,  to deliver water directly to the district member to replace groundwater that the district member would have otherwise withdrawn in the district if the water delivered to the district member would have otherwise been used by the district to replenish groundwater in the district.
B. The district may contract with a district member,  for a term of more than one year,  to deliver water directly to the district member to replace groundwater that the district member would have otherwise withdrawn in the district if the water delivered to the district member would have otherwise been used by the district to replenish groundwater in the district if the district determines that the contract will not adversely affect its ability to fulfill the purposes of this chapter and will not increase costs payable by other district members.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4471 - Acquiring water from district members

48-4471.
Acquiring water from district members
A. The district shall accept delivery,  either directly or through exchange,  from a district member of any of the following water that the district member is legally entitled to use for a non-irrigation purpose unless the district lacks sufficient capacity to accept delivery of the water or to replenish the water to the aquifer:
1. Central Arizona project water.
2. Colorado river water.
3. Effluent.
4. Groundwater withdrawn outside of the district.
5. Surface water pursuant to decreed or appropriative rights.
B. The district member shall pay any costs of acquiring the water delivered to the district under this section,  including any amount due pursuant to its municipal and industrial water service subcontract with the United States and a multi-county water conservation district. The district member shall pay to the district any water acquisition costs incurred by the district in accepting delivery of the water and replenishing the water into the aquifer.
C. For each year in which the district accepts delivery of a portion of a district member's water pursuant to this section,  the district shall issue credits to the member pursuant to section 48-4465 in an amount equal to the amount of the district member's water delivered to the district that will reach the aquifer pursuant to water storage undertaken pursuant to title 45,  chapter 3.1.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4471.01 - Aquifer replenishment projects in Phoenix active management area

48-4471.01.
Aquifer replenishment projects in Phoenix active management area
If a district is established in the Phoenix active management area,  within five years after being established the district shall apply for at least two water storage permits under title 45,  chapter 3.1. At least one water storage permit shall be associated with a storage facility located in the east salt river valley sub-basin and at least one water storage permit shall be associated with a storage facility located in the west salt river valley sub-basin,  as identified on the map described in section 45-404. The district shall use its best efforts to obtain the required permits for water storage in both sub-basins and shall replenish water in both sub-basins consistent with the requirements of title 45,  chapter 3.1.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4472 - Demand replenishment services

48-4472.
Demand replenishment services
A. The district may offer replenishment services to its members on an on-demand basis if the district has water available to provide replenishment services in excess of the total replenishment services to be provided during the year pursuant to contracts entered into under section 48-4470.
B. The district shall announce the availability of demand replenishment services under this section to the district members by a method established by the board taking into account the cost of providing notice and the need to provide timely notice to all members considering the schedule on which the water for the demand replenishment services will become available.
C. The board shall establish standards to apportion demand replenishment services among members that request such services.
D. A district member that receives replenishment services under this section shall pay the district,  as a replenishment tax,  the water acquisition costs associated with the water used by the district in providing replenishment services. On receipt of payment,  the district shall credit the member's replenishment account under section 48-4464 with an amount of groundwater equal to the amount of replenishment services the member purchased.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4473 - Water storage for district members; accounting; fees and charges

48-4473.
Water storage for district members;  accounting;  fees and charges
A. If the board determines that water may be obtained in any year in excess of the amount of replenishment services pursuant to sections 48-4470,  48-4472 and 48-4501,  the district may offer to store any portion of that excess water for any of the district members pursuant to title 45,  chapter 3.
B. Water stored on behalf of a district member shall be credited to a long-term storage account maintained in the district member's name by the department pursuant to section 45-852.01.
C. The district shall apply to the director for the water storage permits as agent on behalf of each of its members pursuant to section 45-831.01 and shall file all reports,  maintain all records and take any other action necessary to secure and maintain the water storage.
D. A district member shall pay the district such fees as the board determines are reasonable and necessary to establish and maintain the water storage for the district member. In addition,  the district shall charge each district member that elects to have excess water stored on its behalf the water acquisition costs of water stored during the year in which the district stores the water for the district member.
E. If more than one district member elects to have excess water stored pursuant to this section,  the district shall apportion the water available for storage among those district members in proportion to each member's total water demand in the past year,  except that no more water may be stored for an individual member than that member specifically requests and pays for in that year.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4474 - Storage and recovery outside of district

48-4474.
Storage and recovery outside of district
A. In order to efficiently manage sources of replenishment water,  the district may store and recover water outside of the district's boundaries pursuant to title 45,  chapter 3.
B. The costs of operating storage and recovery facilities outside of the district shall be included as part of the water acquisition costs incurred by the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4475 - Using public rights-of-way; definition

48-4475.
Using public rights-of-way;  definition
A. To the extent practicable,  a district shall use a public right-of-way as provided by this section to transport water instead of seeking to use other properties.
B. The district,  at no cost to this state or another governmental entity that exercises control over the right-of-way,  may construct,  reconstruct and maintain transmission pipes,  canals and necessary appurtenant fixtures on,  along or in any any public right-of-way that is dedicated to public use and across any public water or bridge to transport water. The district shall negotiate its use of the public right-of-way with the controlling governmental entity before it exercises the power of eminent domain pursuant to section 48-4462,  paragraph 9.
C. If the district uses a public right-of-way,  it shall:
1. Provide reasonable notice to the governmental entity that exercises control over the right-of-way of the district's intent to use the right-of-way and the nature,  scope and duration of the use.
2. Obtain all permits and pay any applicable fees to use the right-of-way,  but the amount of any fee shall not exceed the amount that is normally charged to other public entities for using public rights-of-way for similar purposes.
3. Restore or adjust,  to the extent practicable,  the facilities,  properties and roads in the right-of-way to their preexisting condition to the satisfaction of the governmental entity that exercises control over the right-of-way and any other user of the right-of-way,  considering the type of facilities that are located in the right-of-way.
4. Reimburse or pay reasonable costs to any governmental entity that relocates or modifies its facilities,  properties or use of the right-of-way in order to allow the district to use the right-of-way.
5. Use the right-of-way in a manner that does not unreasonably disrupt or impair existing uses or prevent future uses of the right-of-way by the governmental entity that exercises control over the right-of-way.
6. Relocate district facilities on reasonable demand of the governmental entity that exercises control over the right-of-way. The district is responsible for any costs associated with the relocation.
D. If applicable,  the use of a public right-of-way under this section is conditioned on the payment in full of all voluntary contributions that are due and payable under title 9,  chapter 4,  article 3.
E. For purposes of this section " public right-of-way"  or " right-of-way"  means any highway,  street,  road,  alley or other right-of-way of a governmental entity.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4501 - Annual replenishment tax; amount

48-4501.
Annual replenishment tax;  amount
A. The board shall levy an annual replenishment tax for the privilege of withdrawing groundwater in the district. The tax shall be levied against each district member whose replenishment account under section 48-4464 contains a debit balance as of June 30 each year. The tax shall be levied at a rate that will be sufficient to produce the amount of money estimated to pay the water acquisition costs of an amount of water necessary to offset the debit balances of all members' replenishment accounts as reported pursuant to section 48-4466,  subsection B.
B. On or before August 15 of each year,  the district shall transmit a statement to each district member that is subject to the replenishment tax stating the amount of replenishment tax.
C. On or before October 15 of each year,  each district member shall pay to the district an amount equal to the replenishment tax multiplied by the net debit balance in the member's replenishment account as computed pursuant to section 48-4464.
D. The district shall credit all revenues it collects under this section to the water acquisition fund.
E. The district shall replenish water in an amount that is sufficient to offset the debit balances of all members' replenishment accounts computed pursuant to subsection A of this section.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4502 - Exclusions from replenishment tax; exemption from groundwater withdrawal fee

48-4502.
Exclusions from replenishment tax;  exemption from groundwater withdrawal fee
A district member is not required to pay:
1. A replenishment tax for:
(a) Stored water recovered in the district pursuant to water storage permits and recovery well permits issued by the director of water resources pursuant to title 45.
(b) Groundwater withdrawn for treatment pursuant to CERCLA or pursuant to title 49,  chapter 2,  article 5 that the district member uses for an irrigation use or transfers to another person for an irrigation use,  or that the district member does not use but causes to be recharged,  reinjected or otherwise added to an aquifer for the benefit of the active management area where the district is located.
(c) Drought replacement groundwater withdrawn by the district member in a drought year if a debit has been registered to the district's drought relief account for that year,  up to the amount of the district member's share of the debit as computed pursuant to section 48-4467,  but the replenishment tax applies to any amount of the district member's withdrawals that exceeds the member's share of the debit.
(d) Groundwater that is withdrawn in the district and that is more than the district member's incidental replenishment,  if the director has designated the groundwater as groundwater oversupply on a certificate of groundwater oversupply issued under title 45,  chapter 2,  article 15.
(e) Through December 31,  2009,  groundwater that is withdrawn from within the boundaries of the exempted area as prescribed by section 45-411.01,  subsection E.
2. A groundwater withdrawal fee for purchase and retirement levied by the director of water resources pursuant to section 45-611,  subsection A,  paragraph 3.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4503 - Certification and levy of ad valorem taxes; limitation

48-4503.
Certification and levy of ad valorem taxes;  limitation
A. On or before the second Monday in August of the fourth calendar year following the year in which the district is established and each year thereafter,  the clerk of the board of supervisors of each county in which all or part of the district is located shall certify to the board of directors the total assessed valuation of all taxable property in the district and in the county.
B. On or before the third Monday in August of each year,  beginning in the fourth calendar year in which the district is established,  the board of directors shall fix the amount to be raised by ad valorem property taxation and shall certify to the respective county boards of supervisors a tax sufficient to raise that amount. The total tax to be levied for all purposes pursuant to this section for a taxable year shall not exceed a rate of two cents per one hundred dollars of assessed valuation of all taxable property in the district. The board of directors shall approve the amount to be raised by taxation under this section as follows:
1. The board shall designate the amount of the tax levy to be imposed for bonds and bond related expenses as provided by article 5 of this chapter.
2. The board shall designate the amount of the tax levy to be imposed for purposes of paying for capacity costs and costs of acquiring district water that are not subject to bond financing.
3. On approval by two-thirds of the members of the board of directors,  taken by roll call,  the board may designate an amount not exceeding one-half cent per one hundred dollars of assessed valuation to pay administrative costs of the district.
C. The respective boards of supervisors shall levy and cause the tax to be collected at the same time and in the same manner as general county property taxes.
D. The tax revenues collected pursuant to this section shall be paid to the district and used solely for the purposes for which they were imposed and collected.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4504 - Groundwater augmentation fees; transfer to district

48-4504.
Groundwater augmentation fees;  transfer to district
On or before June 15 of the year the district is established and on or before June 15 thereafter the director shall transfer to the district eighty per cent of the monies collected from district members in that calendar year pursuant to section 45-611,  subsection C,  paragraph 2. The district may spend the monies transferred to the district to carry out the purposes of this chapter.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4505 - District funds; allocation of revenues; purposes

48-4505.
District funds;  allocation of revenues;  purposes
A. The district shall establish and maintain a general fund and a water acquisition fund in addition to the bond fund established under section 48-4549.
B. The general fund consists of revenues received from:
1. The portion of the district's ad valorem property tax levy under section 48-4503 that is allocated for administration costs,  costs of acquiring district water and capacity costs,  other than amounts levied for the payment of bonds and bond related expenses.
2. The portion of the groundwater augmentation fees that is transferred to the district pursuant to section 48-4504.
3. Sales of state demonstration project water that the district acquires under section 45-896.01. Proceeds from selling demonstration project water shall be separately accounted for and spent only for capacity costs.
4. The portion of the district's water acquisition fund representing capacity costs recovered through the replenishment tax under section 48-4501.
C. The water acquisition fund consists of revenues received from the replenishment tax under sections 48-4470,  48-4472 and 48-4501.
D. The district shall pay:
1. Its administrative costs,  costs of acquiring district water and capacity costs only from the general fund.
2. Its water acquisition costs only from the water acquisition fund.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4541 - Definitions

48-4541.
Definitions
In this article,  unless the context otherwise requires:
1. " 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,  paying agent 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 in order to market and administer the bonds.
2. " Bonds"  means bonds of the district issued pursuant to this article.
3. " Real property for water replenishment needs"  means those real properties and any appurtenances to the properties that are designated or may be designated by the board as a location for the construction of a water replenishment project,  including lands or interests in lands,  the use or occupancy of which is necessary or appropriate to construct,  reconstruct,  repair,  maintain,  extend,  develop,  improve or operate water replenishment facilities and improvements.
4. " Water replenishment purpose" :
(a) Includes any one or more of the following purposes:
(i) The payment of water replenishment obligations.
(ii) The cost of acquiring,  constructing,  reconstructing,  equipping,  maintaining and repairing water replenishment facilities.
(iii) The acquisition of real property for water replenishment needs.
(iv) The payment of bond related expenses.
(b) Does not include acquiring by eminent domain or condemnation any existing electrical works or electrical facilities.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4542 - Issuance of bonds

48-4542.
Issuance of bonds
A. The board,  subject to this article,  may:
1. Issue its negotiable bonds in such principal amount as,  in the opinion of the board,  is necessary to:
(a) Provide sufficient monies for any water replenishment purpose.
(b) Establish reserves to secure the bonds.
(c) Pay the necessary costs of issuing,  selling and redeeming the bonds.
(d) Pay all other costs and bond related expenses incidental to and necessary and convenient to carry out such purposes.
2. Issue refunding bonds if the board deems refunding expedient. The board may provide for investing and holding the proceeds of the refunding bonds in trust for the benefit of the holders of the bonds being refunded.
3. Refund any bonds issued by the district if the bonds are secured from the same source of revenues as the bonds authorized in this article by issuing new bonds,  whether the bonds to be refunded have or have not matured.
4. Issue bonds partly to refund outstanding bonds and partly for any water replenishment purpose consistent with this article.
B. The board shall authorize the bonds by resolution. The resolution shall prescribe:
1. The rate or rates of interest,  which may be fixed or variable,  and the denominations of the bonds.
2. The date or dates of the bonds and maturity.
3. The coupon or registered form of the bonds.
4. The manner of executing the bonds.
5. The medium and place of payment.
6. The terms of redemption that may provide for a premium for early redemption.
C. The board shall publish a notice of its intention to issue bonds under this article for at least five consecutive days in a newspaper of general circulation in the district. The last day of publication must be at least ten days before issuing the bonds. The notice shall state the amount of the bonds to be sold and the intended date of issuance.
D. The bonds shall be sold at public or private sale at the price and on the terms as the board determines. Bonds to fund or refund other bonds may be either sold or exchanged with the holders of bonds being funded or refunded on terms the board determines. All proceeds from issuing the bonds shall be deposited in the bond fund.
E. The board,  out of any available monies,  may purchase bonds,  which may thereupon be canceled,  at a price not exceeding the following:
1. If the bonds are then redeemable,  the applicable redemption price plus accrued interest to the next interest payment date.
2. If the bonds are not then redeemable,  the redemption price applicable on the first date after purchase on which the bonds become subject to redemption plus accrued interest to that date.
F. Neither the members of the board nor any person executing the bonds is personally liable for the payment of the bonds.
G. Title 35,  chapter 3,  article 7 applies to the district and to bonds issued under this article.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-4543 - General obligation bond election; results

48-4543.
General obligation bond election;  results
A. On determining the amount of money that is necessary to be raised for any of the purposes set forth in section 48-4542 and that may be subject to repayment under section 48-4503,  subsection B,  paragraph 1,  the board shall immediately call an election to submit to the electors of the district the question of whether the bonds of the district shall be issued in the amount so determined. The election 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. Notice of the election shall be posted in three public places in each election precinct of the district for at least twenty days and by publication in a newspaper published in the county in which the office of the board of directors of the district is located once a week for at least two consecutive weeks. The notice shall state the date of the election,  the amount of bonds proposed to be issued,  the maximum rate of interest to be borne on the bonds and the denominations.
C. The election shall be held and the results shall be determined and declared in a manner as nearly as practicable as provided by section 48-4433 governing the election of board members. Informalities in conducting the election do not invalidate the election if it has been otherwise fairly conducted.
D. At the election the ballots shall contain the words " bonds yes"  and " bonds no" . If a majority of the votes cast at the election is " bonds― yes" ,  the board of directors shall cause the bonds to be issued. If a majority of the votes cast is " bonds no" ,  the result of the election shall be declared by the board of directors and entered on its record,  and at any time thereafter when a petition signed by one-fourth or more of the qualified electors of the district is presented to the board of directors,  the board shall record such presentation in its minutes and shall again submit the question to the electors of the district in the same manner and with similar effect as at the previous election.