reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2706 - Applicability of state tax laws; duties of county officers

48-2706.
Applicability of state tax laws;  duties of county officers
The laws of the state prescribing the manner of levying and collecting taxes and the duties of the several county officers with respect thereto,  so far as applicable and not in conflict with the specific provisions of this article,  shall apply to this article. County officers shall be liable upon their official bonds for the faithful discharge of the duties imposed upon them by this chapter.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2707 - Payment of district taxes without paying other taxes

48-2707.
Payment of district taxes without paying other taxes
A. When a parcel of land located in a drainage district is assessed for district taxes,  the tax and each installment thereof may be paid separately and without at the same time paying other property taxes assessed against the same property. The county treasurer shall receive such payments of the tax and shall deliver to the person paying the tax a receipt therefor showing the name of the district,  a description of sufficient certainty to identify the property assessed for the tax,  the total amount of the tax,  the amount paid and the name of the person paying the tax.
B. This section shall not be construed to permit the payment of any other tax without at the same time paying the taxes levied against the same property for the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2708 - Levy of special assessment; election; collection; disbursement

48-2708.
Levy of special assessment;  election;  collection;  disbursement
A. The board of directors,  when it deems it advisable,  may call an election and submit to the qualified electors of the district the question of whether or not a special assessment shall be levied for the purpose of raising money to be applied to any of the purposes provided in this chapter.
B. The election shall be called,  held and the result thereof determined and declared in all respects in conformity with section 48-2751. The notice of the election shall specify the amount of money proposed to be raised and the purpose for which it is intended to be used. The ballots shall contain the words,  " assessment - -yes"  and " assessment - -no."  If a majority of the votes cast is " assessment - -yes, "  the board shall proceed in the manner prescribed in this article for providing funds for the district by taxation.
C. When collected the money shall be paid into the county treasury to the credit of the district,  and may be used for the purposes specified in the notice of the special election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2709 - Levy of assessments for completion of drainage works; election

48-2709.
Levy of assessments for completion of drainage works;  election
A. If the money raised by the sale of bonds issued pursuant to this chapter is insufficient,  or if the bonds are unavailable for completion of the plans for drainage and works adopted and additional bonds are not voted,  the board of directors shall provide for the completion of the plans by the levy of assessments therefor,  but such levy shall not be made except as provided by this section,  and the question as to whether or not an assessment shall be made,  levied and collected shall first be submitted to a vote of the electors of the district.
B. Before the question is submitted the order of submission shall be entered in the minutes of the board of directors,  stating the amount to be levied and the purpose thereof,  and if submitted at an election shall in addition fix the day of election as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d).
C. Notice of the election shall be given by posting notices thereof in three public places in each election precinct in the district for at least fifteen days,  and by publication of the notice in a newspaper published in the county in which the office of the board of directors is located for two successive weeks. The notice shall specify the time of holding the election and the amount of the assessment proposed to be levied.
D. The election shall be held and the result declared in all respects as nearly as practicable in conformity with the provisions of article 4 of this chapter. No informalities in conducting the election shall invalidate it if the election has been otherwise fairly conducted. The ballots at the election shall contain the words,  " assessment - -yes"  and " assessment - -no."
E. If a majority of the votes cast is " assessment - -yes, "  the board shall proceed in the same manner as nearly as practicable as prescribed by this article for raising funds for annual expenditures of the district. If a majority of the votes cast is " assessment - -no, "  the result of the election shall be declared and entered of record on the minutes of the board of directors.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2710 - Liability of state for assessments against state lands included within district; effect of sale to private owner

48-2710.
Liability of state for assessments against state lands included within district;  effect of sale to private owner
A. When a drainage district organized under this chapter includes within its boundaries,  at the time of its organization,  any lands granted or in any manner confirmed or transferred to the state under the provisions of the enabling act,  approved June 20,  1910,  and the title to the lands is,  at the time of such organization,  vested in the state,  as long as the state continues to hold such land for the use and purposes for which it was granted,  or otherwise,  the state shall pay a proportionate part of all costs,  charges,  expenses,  amounts of money,  including payments of the principal and interest on bonds and other evidences of indebtedness of the district,  and other costs and expenses of any kind,  incurred or expended in the construction,  acquisition,  equipment,  maintenance and operation of the drainage system and works of the district,  as the number of acres of such state lands included within the district bears to the total number of acres of all the lands of the district.
B. Claims for the amounts due from time to time shall be made by the board of directors for and in the name of the district against the state. The claims shall be verified by the secretary of the board,  shall contain a brief description of the land upon which the claim is made and shall state in general terms the purposes for which the money due on the claim will be expended. The claim shall be filed with and audited by the department of administration,  which shall present the claim to the governor,  or other board or officer as provided by law for approving such claims,  and if found correct the claim shall be allowed and ordered paid by the governor,  or other board or officer. The department of administration shall thereupon draw a warrant,  payable to the county treasurer of the county in which the office of the district is located,  for the use and benefit of the district,  in payment of the claim,  and the state treasurer shall,  upon presentation of the warrant,  properly endorsed,  pay it from the state general fund.
C. If the state at any time subsequent to the formation of the district sells any of such land,  all of the burdens,  obligations,  liabilities and liens existing against other lands in private ownership included within the district by reason of the organization of the district,  or in any manner connected with,  incident to or arising from or by reason of the existence of the district or any obligation thereof,  shall forthwith,  by operation of law,  upon consummation of the sale,  attach to,  and thereafter continue to exist against and upon,  the land to the same extent and with like force and effect as if such land had been in private ownership at the time of the organization of the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2712 - Disbursements; report by treasurer

48-2712.
Disbursements;  report by treasurer
A. The treasurer shall pay out the money deposited with him for the credit of the districts only upon warrants of the board of directors,  signed by the president and attested by the secretary.
B. The treasurer shall report in writing at each regular meeting of the board of directors,  and at such other times as required by the board,  the amount of money in each of the funds,  the amount of receipts since his last report and the amount paid out. The reports shall be verified and filed with the secretary of the board.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2714 - Payment of interest coupons; redemption of unmatured bonds

48-2714.
Payment of interest coupons;  redemption of unmatured bonds
A. Upon presentation to the treasurer of matured interest coupons,  he shall pay them from the bond fund.
B. When the bond fund amounts to ten thousand dollars in excess of the amount sufficient to meet the matured interest coupons,  the board of directors shall direct the district treasurer to pay such an amount of unmatured bonds of the district as the money in the bond fund will redeem,  at the lowest value at which they are offered for liquidation,  after advertising in the manner provided by section 48-2757 for sealed bids for the redemption of such bonds. The bids shall be opened by the board in open meeting at the time specified in the notice,  and the lowest bid for the bonds shall be accepted,  but no bond shall be redeemed at a rate above par. If the bids are equal,  the lowest numbered bond shall have preference.
C. If none of the holders of such bonds desire to have them redeemed,  the money shall be invested by the treasurer under direction of the board of directors in bonds of the United States,  of the state,  of any school district of the state,  or in the bonds of any other municipal corporation within the state. The bonds shall be kept in the bond fund and may be used to redeem district bonds when the holders thereof so request,  either by exchanging them for bonds of the district or by converting them into cash and redeeming the bonds of the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2716 - Annual financial report by board of directors

48-2716.
Annual financial report by board of directors
The board of directors shall,  on the first Tuesday in March each year,  make and publish a verified statement of the financial condition of the district,  showing particularly the receipts and disbursements of the preceding year,  together with the source of such receipts and the purpose of the disbursements. Publication shall be made in at least one issue of a newspaper published in the county in which the office of the board of directors is located.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2717 - Exemption from taxation of bonds and certain property of district

48-2717.
Exemption from taxation of bonds and certain property of district
The rights of way,  ditches,  drains,  conduits,  flumes,  pipe-lines,  dams,  reservoirs,  pumping-plants,  water and other property of like character belonging to any drainage district,  as well as the bonds or other evidences of indebtedness of the district,  shall not be taxed for state,  county or municipal purposes.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2718 - Limit of indebtedness; exception

48-2718.
Limit of indebtedness;  exception
The board of directors shall not incur any debt or liability whatever,  either by issuing bonds or otherwise,  in excess of the express provisions of this chapter,  and any debt or liability incurred in excess of such express provisions shall be absolutely void,  but for the purposes of organization,  or for any of the purposes of this chapter,  the board of directors may,  before the collection of the first assessment,  incur an indebtedness not exceeding in the aggregate two thousand dollars,  and may cause warrants of the district to issue therefor bearing interest at seven per cent per annum.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2731 - Petitioning for subdivision of district into forty-acre units upon organization

48-2731.
Petitioning for subdivision of district into forty-acre units upon organization
The petitioners joining in a petition for the organization of a drainage district under this chapter may,  if they elect,  request that the land in the proposed drainage district when organized be subdivided into tracts of not less than forty acres each,  as specified in the petition,  to the end that the benefits to be derived by any such division by the construction of the proposed drainage works may be determined and the proportionate part of all district taxes and assessments levied and collected may be apportioned and charged against each such subdivision in the proportion that it is determined to be benefited as provided in this article,  by the construction of the proposed drainage works.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2732 - Proceeding on presentation of petition requesting subdivision; purpose of subdivision

48-2732.
Proceeding on presentation of petition requesting subdivision;  purpose of subdivision
A. If the petitioners joining in a petition for the organization of a district request a subdivision of the lands as provided in section 48-2731,  the board of supervisors shall,  in their determination or order provided for in section 48-2605,  also recite or refer to the fact that the subdivision is requested in the petition,  and if the organization of the proposed drainage district is thereafter perfected,  it shall be subject to the provisions of this article,  but all proceedings relative to the organization of the district and all proceedings taken and had on account of or in connection with the district when organized shall in all respects otherwise conform to this chapter,  except as to the apportionment of assessments and taxes against the lands therein,  as provided in this article.
B. The express purpose of this article is to provide an alternative system of taxes and assessments in addition to that provided in article 5 of this chapter by which the assessments and taxes on account of the drainage district may be levied and collected according to benefits derived.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2733 - Division of district into subdivisions and apportionment of benefit units

48-2733.
Division of district into subdivisions and apportionment of benefit units
A. When a district is organized subject to the provisions of this article,  the board of directors of the district,  after adoption by the board of plans for the conduits,  drains and other drainage works and works incident thereto proposed to be constructed by the district,  shall appoint two appraisers who shall,  together with the engineer for the district,  divide the proposed district into subdivisions of not less than forty acres each,  and apportion to each such subdivision the amount of benefits which they determine that each such subdivision will receive by the construction of the proposed drainage works.
B. The apportionment shall be made on a system of units in such a manner that there is apportioned against each subdivision determined to be least benefited,  one unit of assessment,  and against each subdivision receiving a greater benefit successively,  a greater number of units,  but no subdivision within the district shall have apportioned against it less than one unit nor more than five units.
C. The appraisers and engineer shall,  within ninety days after their appointment,  make and return to the board of directors of the district,  a schedule of all lands within the district showing the number of units apportioned to each subdivision made by the appraisers and engineer. The schedule shall be signed by the appraisers and the engineer of the district,  but shall be sufficient if signed by only one of the appraisers and the engineer. The subdivisions and apportionment of units shall be final and binding on all parties upon being approved by the board of directors of the district.
D. The schedule so made,  filed and approved shall thereafter remain the basis of fixing the burden for all taxes and assessments which are thereafter levied and collected against the respective subdivisions in the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2734 - Estimate of expenditures

48-2734.
Estimate of expenditures
When a drainage district is organized subject to the provisions of this article,  the board of directors of the district shall furnish the board of supervisors and the county assessor with the estimate of expenditures in the manner and at the time provided in section 48-2702,  and in addition to the estimate required thereunder,  or under section 48-2703 when applicable shall furnish the board of supervisors of the county,  or of the respective counties,  as the case may be,  with a duplicate of the schedule of the several subdivisions made of the lands within the district together with the amount of money necessary to be levied against each in order to provide the amount required under the estimate submitted therewith.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2735 - Tax levy; entry on assessment roll; collection of tax and assessments

48-2735.
Tax levy;  entry on assessment roll;  collection of tax and assessments
The board of supervisors in each county in which a district or any part thereof is located,  organized subject to provisions of this article,  shall annually at the time of levying general county taxes levy a tax to be known as the " (name of district) drainage district taxes"  sufficient to raise an amount equal to the amount required in the estimate submitted to it by the board of directors of the districts for that year. The supervisors shall levy the amount against each subdivision of land within the district as shown by the schedule accompanying the estimate of the board of directors of the district for that year. The amounts to be levied shall be a special tax against each of the several subdivisions of the land,  and the taxes so levied shall be computed and entered on the property tax assessment roll. If the board of supervisors fails to levy the tax the assessor shall do so. All such taxes,  and all assessments made for district purposes,  shall be collected at the same time and in the same manner as general county property taxes,  and when collected shall be paid into the county treasury and placed to the credit of the proper funds of the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2736 - Apportionment of assessments levied among subdivisions on unit basis

48-2736.
Apportionment of assessments levied among subdivisions on unit basis
All assessments authorized by sections 48-2708 and 48-2709 shall be apportioned against the several subdivisions within a district organized subject to the provisions of this article according to the unit system of benefits derived.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2751 - Bond election; results

48-2751.
Bond election;  results
A. For the purpose of constructing the necessary conduits,  drains,  sluices,  water-gates,  pumps,  pumping plants,  embankments and any and all other works and appliances necessary for the drainage of the lands of the district,  acquiring the necessary property and rights therefor and otherwise carrying out this chapter,  the board of directors of the district shall,  as soon after the district has been organized as is practicable,  and thereafter when the construction fund has been exhausted and it is necessary to raise additional money for such purposes,  estimate and determine the amount of money necessary to be raised therefor.
B. The board shall immediately call an election at which shall be submitted to the electors of the district the question of whether or not the bonds of the district shall be issued in the amount so determined. The election shall be held on the first Tuesday following the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d).
C. Notice of the election shall be given by posting notice thereof in three public places in each election precinct of the district,  or if the district is not divided into divisions,  in three public places in the district,  for at least twenty days,  and by publication of the notice in a newspaper published in the county in which the office of the board of directors is located,  once a week for at least two successive weeks. The notice shall specify the time of holding the election,  the amount of bonds proposed to be issued,  the denominations thereof and the maximum rate of interest which the bonds shall bear.
D. The election shall be held and the results thereof determined and declared in all respects as nearly as practicable in conformity with article 4 of this chapter governing the election of directors. No informality in conducting the election shall invalidate it if the election has been otherwise fairly conducted.
E. 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 at the election 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 thereupon again submit such question to the electors of the district in the same manner and with like effect as at the previous election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2752 - Action to determine validity of bonds; appeal

48-2752.
Action to determine validity of bonds;  appeal
A. The board of directors shall,  within thirty days after entry of the order directing the issuance of any bonds,  commence an action in the superior court of the county in which the office of the board is located,  to determine the validity of the bonds.
B. The action shall be in the nature of a proceeding in rem,  and jurisdiction of all parties interested may be acquired by publication of summons for at least once a week for three weeks in a newspaper of general circulation designated by the court and published in the county where the action is pending. Service of summons shall be complete thirty days after the first publication thereof.
C. Any person interested may,  at any time before expiration of such thirty days,  appear and contest the validity of the bonds. The action shall be speedily tried and judgment rendered declaring the contested bonds valid or invalid.
D. Either party may appeal to the supreme court within thirty days after entry of judgment. The appeal shall be heard and determined within three months from the time of taking the appeal.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2753 - Action to test validity of bonds on failure of board to commence action

48-2753.
Action to test validity of bonds on failure of board to commence action
A. If no action is commenced by the board of directors as provided by section 48-2752,  then within not less than thirty nor more than ninety days after the issuance of any bonds under this chapter,  any person whose lands within the district are subject to assessment by the district may bring an action in the superior court in the county in which the office of the board of directors is located,  to determine the validity of the bonds.
B. The board of directors shall be made parties defendant,  and service of summons shall be made on the members of the board personally if they can be found within the state,  or if not,  then by publication of the summons for three weeks in a newspaper designated by the court of general circulation within the county in which the office of the board of directors is located. Before publication is commenced an affidavit shall be made in the manner provided for the service of summons by publication. In addition to serving the members of the board with summons either by personal service or by publication,  summons in the action shall also be published in the same manner for the same time,  for the same purposes and with like effect as prescribed under section 48-2752.
C. The board shall have the right to appear and contest the action. Any person whose lands within the district are subject to assessment by the district,  or any other interested person,  may appear and defend the action,  and thereafter the same proceedings shall be had in the action as provided in section 48-2752,  and the same matters determined and adjudicated by the court therein.
D. The action shall be speedily tried with either party having right of appeal in the manner provided by section 48-2752. The appeal shall be heard and determined within three months from the time of the entry of the judgment appealed from.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2754 - Extent of hearing; consolidation of actions

48-2754.
Extent of hearing;  consolidation of actions
A. At the hearing of the proceedings taken under section 48-2752 or 48-2753 the court shall hear and determine the sufficiency of all proceedings.
B. If more than one action is pending at the same time concerning similar contests they shall be consolidated and tried together.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2755 - Rules of procedure applicable in contests

48-2755.
Rules of procedure applicable in contests
A. The court hearing a contest as provided by this article,  in inquiring into the regularity,  legality or correctness of the proceedings,  shall disregard any error,  irregularity or omission which does not affect the substantial rights of the parties to the action. The rules of pleading and practice in civil actions which are not inconsistent with the provisions of this chapter shall be applicable to all actions or proceedings authorized by this chapter. The costs of a hearing or contest provided by this chapter may be allowed and apportioned between the parties,  or taxed against the losing party,  in the discretion of the court.
B. No contest authorized by this chapter shall be instituted except within the time and manner provided by this chapter.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2756 - Terms of bonds; form; interest rate; record of sales

48-2756.
Terms of bonds;  form;  interest rate;  record of sales
A. All bonds issued under this chapter shall be payable in legal currency of the United States,  and except for the bonds provided for in articles 8 and 11 of this chapter,  shall be in ten series as follows:
1. On January 1,  after the expiration of eleven years,  five per cent of the total number of the bonds.
2. On January 1,  after the expiration of twelve years,  six per cent.
3. On January 1,  after the expiration of thirteen years,  seven per cent.
4. On January 1,  after the expiration of fourteen years,  eight per cent.
5. On January 1,  after the expiration of fifteen years,  nine per cent.
6. On January 1,  after the expiration of sixteen years,  ten per cent.
7. On January 1,  after the expiration of seventeen years,  eleven per cent.
8. On January 1,  after the expiration of eighteen years,  thirteen per cent.
9. On January 1,  after the expiration of nineteen years,  fifteen per cent.
10. On January 1,  after the expiration of twenty years,  sixteen per cent.
B. The several enumerated percentages shall be the entire amount of the issue,  but each bond shall be made payable at a given time for its entire amount and not for a percentage.
C. The bonds shall bear interest at the rate or rates set by the accepted bid which shall not exceed the maximum rate of interest set forth in the notice of the election,  payable semiannually on January 1 and July 1 each year. The principal and interest shall be payable at the office of the county treasurer of the county in which the office of the board of directors is located.
D. The bonds shall be in denominations of not less than one hundred nor more than one thousand dollars each,  shall be negotiable in form,  and signed by the president and secretary of the board of directors with the seal of the district affixed thereto. 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 bond and shall bear the facsimile signature of the secretary. The bonds shall express on their face that they were signed by the authority of this chapter,  and shall state the number of the issue of which the bonds are a part.
E. The 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.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2757 - Sale of bonds; notice

48-2757.
Sale of bonds;  notice
A. The board of directors may sell the bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the purposes specified in section 48-2751,  and otherwise to carry out the objects and purposes of this chapter. Before making any sale the board shall declare by resolution its intention to sell a specified amount of the bonds,  and shall fix the day,  hour and place of sale,  and shall cause the resolution to be entered in the minutes of the board.
B. Notice of the sale shall be given by publication thereof for at least ten days in a newspaper published in the county in which the office of the board of directors is located,  and in such other newspapers 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 to the highest responsible bidder. The board may,  by the resolution and notice,  require such deposit or certified check as an evidence of good faith to accompany each bid for the bonds. The board may,  in its discretion,  reject any and all bids. None of the bonds shall be sold for less than ninety-five per cent of their par value.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2758 - Lien of bonds; payment of bonds

48-2758.
Lien of bonds;  payment of bonds
A. All bonds issued under the provisions of this article and article 8 of this chapter shall be a lien upon the real property included in the district,  and the lien of the bonds of any issue shall be a preferred lien to that of any subsequent issue.
B. The bonds and the interest thereon shall be paid from revenues derived by assessments as provided by article 5 of this chapter upon the real property included in the district,  and all the real property in the district shall be and remain liable for assessment for payment thereof.
C. This section shall not be construed as creating,  or intended to create,  any lien on or to authorize any tax against any state,  school or university lands included within a district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2771 - Authority to refund indebtedness

48-2771.
Authority to refund indebtedness
When a district has outstanding bonds,  coupons or other evidences of indebtedness,  the payment thereof may be provided for by the issuance of new bonds or refunding bonds in the manner prescribed by this article.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2772 - Petition requesting issuance of refunding bonds

48-2772.
Petition requesting issuance of refunding bonds
In order to propose the refunding of such bonds,  coupons or other evidences of indebtedness,  a petition shall be presented to the board of directors,  signed by a majority of the qualified electors of the district. The petition shall set forth the amount of bonds,  coupons or other evidences of indebtedness proposed to be refunded,  together with a general description thereof,  the total amount of bonds sought to be issued and a full and complete statement of the purposes for which the bonds are to be used. The total amount of bonds to be issued shall not be greater than the total amount of bonds,  coupons and other evidences of indebtedness then outstanding and proposed to be refunded. On presentation of the petition it shall be entered in full on the minutes of the board.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2773 - Election to authorize issuance of refunding bonds

48-2773.
Election to authorize issuance of refunding bonds
A. Immediately after entering the petition on its minutes,  the board shall call an election at which shall be submitted to the qualified electors of the district the question of whether or not the bonds of the district,  in the amount set forth in the petition,  shall be issued. The election must be held on the first Tuesday after the first Monday in November as prescribed by section 16-204,  subsection B,  paragraph 1,  subdivision (d).
B. Notice of the election shall be given by posting notice thereof in three public places in each election precinct in the district for at least twenty days,  and by publication of the notice in a newspaper published in the county in which the office of the board of directors is located,  once a week for at least two consecutive weeks before the election. The amount of refunding bonds proposed to be issued and the amount of bonds,  coupons or other evidences of indebtedness proposed to be refunded,  together with a general description thereof,  and the time of holding the election,  shall be specified in the notice.
C. The election shall be held,  and the results thereof determined and declared,  in all respects as nearly as practicable in conformity with the provisions of article 4 of this chapter. No informalities in conducting the election shall invalidate it if the election has been otherwise fairly conducted. The ballots at the election shall contain the words,  " Bonds― Yes"  and " Bonds― No" . If two thirds of the votes cast is " Bonds― Yes" ,  the board of directors shall issue the refunding bonds. If more than one third of the votes cast at the election is " Bonds― No" ,  the result of the election shall be so declared. The result in either event shall be entered of record in the minutes of the board of directors.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2774 - Terms of refunding bonds; interest rate; form

48-2774.
Terms of refunding bonds;  interest rate;  form
A. The refunding bonds shall be made payable in legal currency of the United States in twenty series,  as follows:
1. On January 1,  after the expiration of twenty years,  five per cent of the whole amount of the bonds issued.
2. On January 1 of each year thereafter,  an equal amount of the bonds issued until all have been paid.
B. The bonds shall bear interest at a rate not to exceed six per cent per annum,  payable semi-annually on January 1 and July 1 each year. The bonds shall be negotiable in form and shall be of denominations of not less than one hundred nor more than five hundred dollars each. The bonds shall in all respects conform to the form of bonds prescribed in article 7 of this chapter.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2775 - Sale of refunding bonds; disposition of proceeds

48-2775.
Sale of refunding bonds;  disposition of proceeds
A. When the refunding bonds are issued the board may sell them to the highest bidder from time to time in such quantities as may be necessary and most advantageous to raise money to pay the bonds,  coupons or other evidences of indebtedness of the district outstanding at the time of the filing of the petition for the issuance of the refunding bonds and described therein. Resolution of intention to sell the refunding bonds shall be declared and notice given,  and the sale conducted in the manner prescribed in section 48-2757. The bonds shall in no event be sold for less than ninety-five per cent of their par value including accrued interest.
B. All money realized from the sale of the refunding bonds shall be paid to the district treasurer who shall deposit the money in the refunding fund. Such money shall be applied exclusively to the payment of bonds,  coupons or other evidences of indebtedness of the district outstanding at the time of the filing of the petition and described therein.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2776 - Exchange of refunding bonds for bonds, coupons or evidences of indebtedness; report of cancellations

48-2776.
Exchange of refunding bonds for bonds,  coupons or evidences of indebtedness;  report of cancellations
A. When refunding bonds issued under this article are executed,  they shall be deposited with the treasurer of the county in which the district was organized. The treasurer shall receive the bonds,  give receipt therefor,  and shall be charged with them on his official bond. The treasurer shall not deliver the refunding bonds in exchange for any bonds or indebtedness proposed to be refunded until such bonds or evidences of indebtedness have been delivered to him and he has been ordered by the board of directors,  by an order entered on its minutes,  to make such delivery.
B. When the refunding bonds have been exchanged for other bonds,  coupons or evidences of indebtedness,  the treasurer shall at once cancel such other bonds,  coupons or evidences of indebtedness by writing across the face thereof " cancelled"  and the date of cancellation. The treasurer shall report the cancellations with his next regular financial report to the board of directors,  designating the bond,  coupon or other evidence of indebtedness so that they can be identified,  the date of cancellation and the person from whom it was received,  together with the amount paid therefor.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2777 - Minimum rate of exchange

48-2777.
Minimum rate of exchange
The refunding bonds may be exchanged at not less than ninety-five per cent of their par value,  including accrued interest,  for any of the indebtedness described in the notice of the election authorizing the issuance of the refunding bonds. A contract for such exchange may be made by the board of directors on such terms as the board deems advisable,  but the board shall receive not less than ninety-five per cent of the value of the refunding bonds so exchanged.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2791 - Proposal to destroy unsold bonds; call for election; destruction of bonds

48-2791.
Proposal to destroy unsold bonds;  call for election;  destruction of bonds
When there remains in the possession of the board of directors after completion of its drainage system and payment of all demands against the district,  any bonds authorized to be issued by the district but not sold and not necessary to be sold to raise funds for the use of the district,  the board of directors may call a special election for the purpose of voting upon a proposal to destroy such unsold bonds,  or so many of them as may be deemed advisable,  or may submit the proposal at a general election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2792 - Election on proposal to destroy unsold bonds

48-2792.
Election on proposal to destroy unsold bonds
The election provided by section 48-2791 shall be held in the same manner as other elections are held under the provisions of this article. Notice of the election shall be given in the same manner as provided for giving notice of special elections for the issuance of bonds. The notice of election shall state the amount of the authorized bonded indebtedness of the district,  the amount of the bonds remaining unsold,  the amount proposed to be destroyed,  the date on which the election is proposed to be held and the polling place or places as fixed by the board of directors. The ballots at the election shall contain the words,  " for destroying bonds - -yes, "  and " for destroying bonds - -no."
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2793 - Order for destruction of unsold bonds

48-2793.
Order for destruction of unsold bonds
When the vote is canvassed by the board of directors and entered of record,  if it is found that a majority of the votes cast is " for destroying bonds - -yes, "  the president of the board,  in the presence of a majority of the members of the board,  shall destroy the bonds authorized to be destroyed,  and the total amount of bonds destroyed and cancelled shall be deducted from the amount authorized to be issued by the electors of the district,  and no part thereof shall thereafter be reprinted or issued.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2794 - Authority to reduce bonded indebtedness

48-2794.
Authority to reduce bonded indebtedness
When the board of directors determines that the authorized bonded indebtedness of the district is greater than the district will require to complete its system as planned,  the board may call a special election for the purpose of voting upon a proposal to reduce the bonded indebtedness to an amount the board determines sufficient for such purpose.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2795 - Election to reduce bonded indebtedness; notice and conduct of election

48-2795.
Election to reduce bonded indebtedness;  notice and conduct of election
A. Notice of the election to reduce the bonded indebtedness of the district shall be given in the same manner as provided for calling special elections for issuance of bonds. The notice of election shall state the amount of the authorized bonded indebtedness of the district,  the amount to which it is proposed to reduce such indebtedness,  the date on which the election will be held,  and the location of the polling place or places as established by the board of directors.
B. The ballots at the election shall contain the words,  " for reducing bonds - -yes"  and " for reducing bonds - -no" . When the vote is canvassed by the board of directors and the result is entered on the minutes of the board,  if a majority of the votes cast is found to be " for reducing bonds - -yes" ,  the board may issue or sell only the amount of bonds specified in the notice of the special election. If a majority of the votes is " for reducing bonds - -no, "  the authority to issue bonds shall remain the same as before the special election was held.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2796 - Effect of reduction of bonded indebtedness on validity of other bonds authorized

48-2796.
Effect of reduction of bonded indebtedness on validity of other bonds authorized
No reduction of the bonded indebtedness as provided by sections 48-2794 and 48-2795 shall in any manner affect any order of court which has been made adjudicating and confirming the validity of such bonds.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2811 - Organization of flood protection district; limitation on lands to be included; powers of district

48-2811.
Organization of flood protection district;  limitation on lands to be included;  powers of district
A. When five or more holders of title or evidence of title to improved lands which are subject to overflow or washing,  or menaced or threatened by the normal flow,  flood or overflow waters of any natural watercourse,  stream,  canyon or wash,  whether perennial,  intermittent or flood,  which can be protected or relieved from such overflow or menance by the same general system of works,  desire to provide for the protection of such lands therefrom,  they may propose the organization of a flood protection district in the manner provided by this chapter for the organization of drainage districts.
B. The petition shall be filed with the board of supervisors and the same proceedings had thereon by the board of supervisors as provided by this chapter.
C. The lands which are included by the board of supervisors within the boundaries of the district shall all be lands subject to overflow or washing,  or menaced or threatened,  by the normal flow,  flood or overflow waters of the natural watercourse,  stream,  canyon or wash proposed to be controlled or protected against.
D. After the organization of such districts they shall have and may exercise the same powers as drainage districts under this chapter,  except that the works constructed shall not be drainage works,  but shall be works suitable,  proper and convenient for the protection of the lands of the district from the overflow,  washing or menace to which the district is subject.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-2812 - Cooperation with state and municipalities

48-2812.
Cooperation with state and municipalities
Any flood protection district organized under this article shall have the power to cooperate with and receive donations from the state,  from a county,  city,  town or other municipality,  and from responsible private corporations,  associations or individuals desiring to assist in such flood control.