reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-651 - Refunding bonds

48-651.
Refunding bonds
A. Bonds may be issued for the purpose of refunding any bonds issued pursuant to article 2 or 3 of this chapter.
B. Refunding bonds issued pursuant to this article shall have such details and be issued and sold as provided by the governing body of the city or town and shall be secured as provided in this article,  except that interest on the refunding bonds shall be payable semiannually on January 1 and July 1 and the due date of the refunding bond shall be January 1 in the year in which it becomes due.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-652 - Use of net proceeds; investment of proceeds; definition

48-652.
Use of net proceeds;  investment of proceeds;  definition
A. Refunding bonds issued pursuant to this article may be exchanged for not less than a like principal amount of bonds to be refunded,  may be sold at,  above or below par at a negotiated or public sale or may be exchanged in part and sold in part. If sold,  the net proceeds of the refunding bonds together with all or a portion of the amounts held in the debt service fund for payment of principal of and interest on the bonds being refunded,  amounts in any reserve fund for the bonds being refunded and other amounts lawfully available may be invested provided such investments and any reinvestment thereof will mature with interest so as to provide funds to pay the bonds to be refunded when due,  or called for redemption,  together with interest thereon and redemption premiums,  if any,  at maturity or on an available redemption date or on an earlier voluntary surrender with the consent of the city or town. Such amounts and investments shall be deposited in trust with a national banking corporation or association that is authorized to do trust business in this state and that is a member of the federal deposit insurance corporation,  or any successor agency. After such deposit,  the bonds being refunded shall be deemed to have been paid and shall have no further interest in the assessments for the bonds being refunded.
B. The treasurer may enter into trust agreements with banking corporations or associations for the handling,  safekeeping and administration of the amounts and investments that are derived from,  or contributed to,  the refunding. The investments shall be obligations issued by the United States government,  or one of its agencies,  or obligations fully guaranteed by the United States government as to principal and interest.
C. For the purposes of this section,  " net proceeds"  means the gross proceeds of the refunding bonds after the deduction of all accrued interest and expenses incurred in connection with the authorization and issuance of the refunding bonds and the refunding of the bonds being refunded including all cost and expenses resulting from price variation to par or otherwise incurred in the purchase of obligations for the trust and in the distribution of the refunding bonds.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-653 - Limitation on refunding bonds; notice and hearing; definition

48-653.
Limitation on refunding bonds;  notice and hearing;  definition
A. Refunding bonds may be issued only if the total amount of principal of and interest on the refunding bonds does not exceed the total amount of remaining principal of and interest on the bonds to be refunded. The superintendent shall file a modified assessment reflecting the reduction in the assessment. If the modified assessment does not increase the assessment on any parcel or lot,  the modified assessment may be approved by the governing body without providing notice or a hearing to the owners of affected parcels or lots. If the modification results in an increase in the assessment to any parcel or lot,  notice and,  if required,  a hearing shall be provided in the manner as provided in section 48-594.
B. For the purposes of this section,  " superintendent"  has the same meaning prescribed in section 48-571.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-654 - Security; payment

48-654.
Security;  payment
A. The refunding bonds shall be secured and payable from the special assessments levied to pay the bonds being refunded. On issuance of refunding bonds,  the remaining unpaid installments of such special assessments shall be recalculated and modified so that the amounts to be collected equal the amounts needed to repay the refunding bonds. Section 48-594 does not apply to the recalculation and modification of the assessments authorized by this section. All provisions of articles 2 and 3 of this chapter regarding the collection,  payment and enforcement of the assessments for the bonds being refunded and the validity and priority of the lien of the assessments for the bonds being refunded remain in full force and effect. Except as modified pursuant to this section,  the assessments survive the payment or defeasance of the bonds being refunded and shall remain in full force and effect,  securing the refunding bonds until the payment in full of the refunding bonds.
B. The refunding bonds are payable only out of a special fund to be collected from such special assessments. The special fund is set apart for the payment of the refunding bonds and cannot be used for any other purpose. All sums collected from such special assessments shall be placed in the special fund and shall be used for no other purpose than payment of the principal of and interest on the refunding bonds.
C. The special assessments from which the refunding bonds are to be paid are the same first liens on the property assessed for the bonds being refunded,  subject only to the lien for general taxes and prior special assessments. For the assessment or reassessment,  collection and payment of the special assessments,  the full faith and diligence of the city or town are irrevocably pledged.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-655 - Collection of assessments

48-655.
Collection of assessments
The treasurer and the county treasurer for the county in which the city or town is located may enter into an agreement for the county treasurer to collect the special assessments for the refunding bonds in the manner and by the officers provided by law for the collection and enforcement of general taxes. The treasurer and the county treasurer may provide by agreement for the payment of the county treasurer's collection expenses directly related to the levy of the special assessment and,  if provided,  the levy of the special assessment may include an amount for compensation of the county treasurer directly related to the collection of the special assessment. The compensation received by the county treasurer pursuant to the agreement is subject to section 11-496.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-681 - Borrowing power of cities and towns

48-681.
Borrowing power of cities and towns
An incorporated city or town,  in addition to other powers conferred upon it by law,  may borrow money and issue bonds for the purpose of improvement,  construction,  reconstruction,  acquisition of rights of way or maintenance of municipal streets and highways.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-682 - Vote on bond issues

48-682.
Vote on bond issues
When the governing body of an incorporated city or town determines to borrow money under the provisions of this article,  the question of issuing bonds under this article shall be submitted to the qualified electors of the municipality. No bonds shall be issued without the assent of a majority of such qualified electors voting at an election held for that purpose as provided in this article.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-683 - Election resolution

48-683.
Election resolution
A. The governing body shall adopt a resolution calling an election upon the question of the issuance of bonds. The resolution shall state in substance:
1. The maximum amount of bonds to be issued.
2. The purpose for which the bonds are to be issued.
3. The maximum rate of interest which the bonds are to bear.
4. A brief and concise statement containing an irrevocable appropriation providing for the payment of the principal and interest of the bonds from monies to be derived from taxes,  fees,  charges and other monies collected by the state and returned to such city or town for street and highway purposes pursuant to law which have not been theretofore specially allocated and pledged for the payment of indebtedness.
5. The date on which the election will be held.
6. The places where votes may be cast.
7. The hours between which polling places will be open.
B. The election resolution shall be published in full at least once,  not less than fifteen nor more than thirty days prior to the date of the election,  in a newspaper published in the county and of general circulation in the municipality,  or,  if there is no such newspaper,  the resolution shall be printed in full and posted in five conspicuous places in the municipality not less than fifteen nor more than thirty days prior to the date of the election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-684 - Registration of voters

48-684.
Registration of voters
The governing body may require the registration of all persons desiring to vote at the election and in such case the election resolution shall state the dates,  times and places when and where such persons may register. Registration shall begin not less than ten and shall close not less than five days prior to the date of the election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-685 - Ballots

48-685.
Ballots
At the election the ballot shall contain the words " for the bonds"  and " against the bonds"  and to the right of and opposite each thereof shall be placed a square approximately the size of the squares placed opposite the names of candidates on ballots. The voter shall indicate his vote " for the bonds"  or " against the bonds"  by inserting a mark as defined in section 16-400 in the square opposite such words. No other question,  word or figure need be printed on any ballot. The ballot shall not be of any particular size,  and sample ballots may or may not be printed,  posted or distributed. A number of ballots exceeding by not less than two per cent the number of registered voters whose names appear on the precinct register prepared for the precinct,  town or city shall be printed for and furnished to each polling place.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-686 - Canvass of returns

48-686.
Canvass of returns
The governing body shall canvass the returns and declare the result of the election. If it is found by the governing body that a majority of the real property taxpayers who are qualified electors of the municipality voting thereon assent to the issuance of the bonds,  the governing body shall provide for the issuance of the bonds. The determination of the governing body that a majority of the qualified real property taxpayers voting thereon has assented to the issuance of the bonds shall be conclusive in any action or proceeding involving the validity of such election or the determination or declaration of the result thereof instituted after the date of the payment for and delivery of the bonds.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-687 - Application of election laws

48-687.
Application of election laws
Except as otherwise provided in this article,  the manner of conducting the registration and election,  keeping the poll lists,  the returns,  declaring the results and doing all acts relating to such election shall conform to the procedure provided by law for the registration and qualification of electors and the holding of special elections in which the question of the issuance of bonds of municipal corporations is submitted to an election.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-689 - Issuance of bonds for public improvements; limitations of amount, successive borrowings; computation

48-689.
Issuance of bonds for public improvements;  limitations of amount,  successive borrowings;  computation
A. No city or town may issue bonds under this article unless the aggregate amount of the revenues received by it from highway user taxes,  including motor vehicle fuel taxes,  and all other taxes,  fees,  charges or other monies returned to the city or town pursuant to title 28,  chapter 18,  article 2 and section 42-6107,  in the year preceding the borrowing of money under this article,  is equal to at least one and one-half times the highest annual principal and interest requirements thereafter to come due on all such bonds to be outstanding after the borrowing occurs,  provided that bonds that are issued under this article where the aggregate amount of monies returned to the city or town pursuant to title 28,  chapter 18,  article 2 and section 42-6107,  in the year preceding the borrowing of money under this article,  is not equal to at least two times the highest annual principal and interest requirements thereafter to become due on all the bonds to be outstanding after the borrowing occurs,  shall bear a rating at the time of issuance of " A"  or better,  by at least one nationally recognized credit rating service taking into account any credit enhancement facility in effect with respect to such bonds. Subject to such limitations,  successive borrowings may be made under this article.
B. In computing the annual interest requirements of bonds described in section 48-688,  subsection E,  the governing body shall determine a rate which is not more than the maximum rate permitted under the terms of their issuance. In making the determination,  the governing body shall set a rate that is not less than one hundred twenty-five per cent of the rate in effect on the date of determination or,  if the bonds are not then issued,  one hundred twenty-five per cent of the initial rate on the bonds,  except that if such determination exceeds the maximum rate permitted under the terms of issuance,  the rate shall be the maximum rate. It is further assumed,  notwithstanding the provisions of any reimbursement obligation,  that the bonds will remain outstanding until the stated maturity of the bonds.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-691 - Separate fund to pay interest and principal upon maturing installment

48-691.
Separate fund to pay interest and principal upon maturing installment
After any indebtedness is incurred under the provisions of this article,  the treasurer of the city or town,  during each year such indebtedness continues,  shall set aside in a separate fund from the revenues received during such year from highway user taxes,  including motor vehicle fuel taxes,  and all other taxes,  fees,  charges or other monies returned to the city or town pursuant to title 28,  chapter 18,  article 2 and section 42-6107,  an amount sufficient to pay the interest and principal upon the installment on such indebtedness next maturing.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-703 - Notice

48-703.
Notice
A. The clerk of the municipality or county shall execute a notice that shall read substantially as follows:
To whom it may concern:
The governing body of the (city) (town) (county) of __________,  on (Date) ,  adopted the attached resolution declaring its intention to form a tax levying community facilities district. A hearing on formation will be held on (Date) ,  at (Time) at (Location) . All persons owning or claiming an interest in property in the proposed district who object to the inclusion of their land in the district,  to the formation of the district or to the contents of the general plan must file a written objection with the undersigned at the following address before the time set for the hearing.
(Date)__________________________
________________________________
Clerk
________________________________
Address
(Name of municipality or county)
B. A copy of the resolution declaring the governing body's intention to form the district shall be attached to the notice and the clerk of the municipality or county shall cause a copy to be mailed to the owners of real property in the district as shown on the most recent property tax assessment roll and to all other persons claiming an interest in such property who have filed a written request for a copy of the notice within the six months preceding or at any time following the adoption of the resolution of intent to form the district. The clerk of the municipality or county shall also publish a copy of the notice and resolution at least once in the official newspaper of the municipality or county,  if there is one,  or,  if there is no official newspaper of the municipality,  in a newspaper of general circulation in the county in which the municipality is located. The mailing and publication shall be completed at least twenty days before the date set for hearing. The clerk of the municipality or county shall execute an affidavit of mailing stating the date of mailing and the names and addresses of the persons to whom the notices and copies of the resolutions were mailed. The clerk of the municipality or county shall obtain an affidavit from the newspaper in which the publication was made. The clerk of the municipality or county shall cause both affidavits to be placed in the official records of the municipality or county. The affidavits are conclusive evidence of the mailing and publishing of notice. Notice shall not be held invalid for failure of delivery to the addressee.
C. If the clerk of the municipality or county is informed that the person listed on the assessment roll is no longer the owner and the name and address of the successor owner become known,  the clerk of the municipality or county shall cause a copy of the notice and resolution to be mailed to the successor owner as soon as practicable after learning of the change of ownership.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-704 - Hearing on objections

48-704.
Hearing on objections
A. Within thirty days after adoption of the resolution of intent to form a district,  any person claiming an interest in real property that the resolution discloses is situated in the district may file a written objection with the clerk of the municipality or county that adopted the resolution before 5:00 p.m. on the business day preceding the date and time set for the hearing on the question of formation of the district. The objection may raise one or more of the following:
1. That the objector's property would not be benefited from the improvements set forth in the general plan and that the property should be excluded from the district.
2. That the district should not be formed,  stating the specific reasons.
3. That the general plan should be modified,  stating the reasons for modification.
B. At the hearing,  including any adjournments or continuances,  the governing body shall hear and pass only on the written objections and the testimony and evidence presented in support of or opposition to the objections. The hearing shall be either transcribed by a court reporter or recorded by a tape recorder. The court reporter's transcript or a transcription of the tape recording certified to be true and correct by the clerk of the municipality or county shall be filed in the official records of the governing body.
C. In furtherance of the hearing,  the clerk of the municipality or county,  on written request or praecipe being presented,  shall issue subpoenas or subpoenas duces tecum to compel the attendance and testimony of any person or the submission of any documents at the hearing. Compliance with the subpoena shall be enforced as if the subpoena were issued by a clerk of the superior court.
D. Testimony at the hearing need not be under oath,  unless requested by any owner or required by the governing body. Requests by owners that the testimony be under oath must be made in writing and be filed with,  or served on,  the clerk of the municipality or county before the hearing begins or the request is deemed waived.
E. The minutes or a copy of a written transcript or a tape recording of the proceedings of a hearing conducted pursuant to this section shall be open to public inspection three working days after the conclusion of a hearing. Any person may request to examine or be furnished copies,  printouts,  photographs,  transcripts or recordings of a hearing during regular office hours of the governing body. The custodian of the records shall furnish the copies,  printouts,  photographs,  transcripts or recordings and may charge a reasonable fee that does not exceed the actual cost of reproducing the item requested.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-705 - Order forming district; election

48-705.
Order forming district;  election
A. After the hearing,  the governing body may adopt a resolution ordering the formation of the district,  deleting any property determined not to be benefited by the district or modifying the general plan and then ordering the formation of the district or determining that the district not be formed. A resolution ordering formation of the district shall state whether the district will be governed by a district board that consists of the members of the governing body,  ex officio,  and if requested pursuant to section 48-702,  with two additional district board members who are initially designated by the owner who owns the largest amount of privately owned acreage in the district and who are appointed by the governing body,  or,  at the option of the governing body,  five directors appointed by the governing body. The resolution shall contain the names of the initial appointed district board members and the terms of office of each. If the district will be governed by the governing body,  ex officio,  with two additional district board members who are initially designated by the owner who owns the largest amount of privately owned acreage in the district and who are appointed by the governing body,  after the governing body receives a landowner petition prescribed in section 48-729,  subsection A,  paragraph 3,  the resolution ordering formation of the district may state that the two additional appointed district board member positions shall permanently be advisory nonvoting members of the district board.
B. If the governing body determines that the district should be formed,  it shall submit the formation to an election of the owners of land in the district who are qualified electors of this state and other landowners,  according to section 48-3043,  unless a petition is presented to the governing body pursuant to section 48-707,  subsection F. Each owner has the number of votes or portions of votes equal to the number of acres or portions of acres rounded upward to the nearest one-fifth of an acre owned by that owner in the submitted district. In addition to holding the landowner election required by this subsection or receipt of the landowner petition pursuant to section 48-707,  subsection F,  and subject to section 48-707,  subsection G,  the governing body shall submit the formation of the district to a vote of the qualified electors who reside within the boundaries of the proposed district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-706 - Judicial review

48-706.
Judicial review
A. An owner or other person claiming an interest in the property who filed a written objection and who presented testimony or evidence at the hearing may seek review of the order forming the district and the decision of the governing body at the hearing by filing,  within thirty days after the adoption of the resolution prescribed in section 48-705 which ordered the forming of the district,  a petition for special action with the court of appeals. The special action shall be governed by the rules of civil procedure relating to special actions so far as applicable and not in conflict with this article. The governing body shall transmit the transcript of the hearing,  the order forming the district and the affidavits of mailing and publication of the notice and resolution of intent to form the district to the court of appeals. The petitioner shall bear the cost of preparing the record for appeal. The court of appeals shall place the special action on its calendar and give it precedence for hearing over all other civil actions except election contests. The review shall be limited to a review of the transcript of the hearing,  the order forming the district and the affidavits of mailing and publication of the notice and resolution declaring the governing body's intention to form the district. The court may review,  on the merits,  whether the formation of the district and the adoption of the general plan complied with this article and the laws and constitution of this state and whether land is benefited by the district.
B. Land in an area deleted by order of the court or in a district ordered by the court to not be formed may not be included in a community facilities district for one year after the date the court's order is entered unless otherwise provided in the court's order or otherwise agreed to by the owner.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-713 - Other districts or improvements

48-713.
Other districts or improvements
The formation of a district under this article does not prevent the subsequent establishment of similar districts or the improvement or assessment of land in the district by the municipality or county pursuant to article 2 of this chapter or the exercise by the municipality or county of any of its powers on the same basis as on all other land in its corporate boundaries.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-714 - Change in district boundaries or general plan

48-714.
Change in district boundaries or general plan
A. After the formation election,  an area may be deleted from the district only following a hearing on notice to the owners of land in the district,  given in the manner prescribed for the formation hearing,  adoption of a resolution of intention to do so by the district board and approval by the owners of land in the district pursuant to section 48-705,  subsection B or section 48-707,  subsection F. Deleted areas remain subject to the levy for debt service on any bonds issued before the date of deletion.
B. At any time after adoption of the resolution of intention to form the district an area may be added to the district on adoption by the governing board of a resolution of intention to do so,  and approval by the district board following a hearing on notice to the owners of land in the district and in the proposed addition to the district in the manner prescribed for the formation hearing. Approval for addition of the area to the district shall be received from the owners of land in the district and in the proposed addition area pursuant to section 48-705,  subsection B or pursuant to section 48-707,  subsection F if the approval by the owners of land in the district and in the proposed addition includes in its petition a waiver of any requirement for a separate resolution of intention by the district board and a waiver of any requirement of posting,  publication,  mailing,  notice,  hearing and election as to that addition to the district.
C. The district board,  following a hearing on notice to owners of land in the district,  given in the manner prescribed for the formation hearing,  may amend the general plan in any manner which it determines will not substantially reduce the benefits to be received by any land in the district from the public infrastructure on completion of the work to be performed under the general plan.
D. The hearings required by this section shall be conducted in the same manner as a hearing on formation,  and the right to object to the change in the district or the general plan shall be the same as for the hearing on formation.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-715 - Project approval

48-715.
Project approval
Before constructing or acquiring any public infrastructure,  the district board shall cause a study of the feasibility and benefits of the project that shall be prepared by engineers and other qualified persons and that shall include a description of the public infrastructure to be constructed or acquired and all other information useful to understand the project,  a map showing,  in general,  the location of the project,  an estimate of the cost to construct,  acquire,  operate and maintain the project,  an estimated schedule for completion of the project,  a map or description of the area to be benefited by the project and a plan for financing the project. Within sixty days after receiving the report,  the board shall hold a public hearing on the report and provide notice of the hearing by publication not less than ten days in advance in the official newspaper of the municipality or county or,  if none in the municipality,  a newspaper of general circulation in the county and by mail to the governing body of the municipality. Within sixty days after the hearing,  the district board may reject,  amend or approve the report. If the report is amended substantially a new hearing shall be held within sixty days after the date the amended report is received and before approval. If the report is approved,  the district board shall adopt a resolution that identifies the public infrastructure of the project,  the areas benefited,  the expected method of financing,  including the nature and timing of the issuance of bonds,  if any,  and an appropriate system of providing revenues to operate and maintain the project. The district board shall execute the provisions of the report within the time frames identified in the approved report.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-716 - Budget

48-716.
Budget
On or before July 15 each year,  the treasurer shall prepare a proposed budget for the ensuing fiscal year to be submitted to the district board for approval. The district board shall indicate its approval of the budget by resolution,  which shall provide for a hearing on the budget as approved. Notice of the hearing on the budget shall be provided in the manner prescribed by section 48-715. The municipality or county may review the proposed annual budget and may submit written comments to the district board for its assistance and information in adopting its annual budget. At the conclusion of the budget hearing,  the district board,  by resolution,  shall adopt the budget as finally approved by the district board. The budget shall be adopted before October 1 each year.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-717 - Finances

48-717.
Finances
The projects to be constructed or acquired as shown in the general plan may be financed from the following sources of revenue:
1. Proceeds received from the sale of bonds of the district.
2. Monies of the municipality or county contributed to the district.
3. Annual tax levies.
4. Special assessments.
5. State or federal grants or contributions.
6. Private contributions.
7. User,  landowner and other fees and charges.
8. Proceeds of loans or advances.
9. Any other monies available to the district by law.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-718 - Recording documents

48-718.
Recording documents
The district shall file and record with the county recorder the order forming the district,  the general plan of the district,  the canvass of any general obligation bond election and any special assessments levied by the district. Copies of all such information shall be provided to the state real estate department.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-720 - Revenue bonds; fees and charges

48-720.
Revenue bonds;  fees and charges
A. At any time after the hearing on formation of the district,  the district board may hold a hearing on the question of authorizing the district board to issue revenue bonds of the district to provide monies for any public infrastructure purposes consistent with the general plan.
B. If revenue bonds are approved by resolution,  the district board may issue and sell revenue bonds of the district.
C. The district board may pledge to the payment of its revenue bonds any revenues of the district or revenues to be collected by the municipality or county in trust for the district and returned to the district.
D. The district shall prescribe fees and charges,  and shall revise them when necessary,  to generate revenue sufficient,  together with any monies from the sources described in section 48-717,  to pay when due the principal and interest of all revenue bonds for the payment of which revenue has been pledged. The establishment or revision of any rates,  fees and charges shall be identified and noticed concurrently with the annual budget process of the district pursuant to section 48-716.
E. If,  in the resolution of the district board,  the revenues to be pledged were limited to certain types of revenues,  only those types of revenues may be pledged and only those revenues must be maintained.
F. No holder of revenue bonds issued under this article may compel any exercise of the taxing power of the district,  municipality or county to pay the bonds or the interest on the bonds. Revenue bonds issued under this article are not a debt of the district,  municipality or county,  nor is the payment of revenue bonds enforceable out of any monies other than the revenue pledged to the payment of the bonds.
G. The district may issue and sell refunding bonds to refund any revenue bonds of the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-722 - Terms of bonds

48-722.
Terms of bonds
A. Notwithstanding article 2 of this chapter,  with respect to any bonds the district board shall prescribe the denominations of the bonds,  the size of each issue and the form of the bonds and shall establish the maturities,  interest payment dates and interest rates,  whether fixed or variable,  not exceeding the maximum rate stated in the notice of the election or the resolution of the district board. The bonds may be sold by competitive bid or negotiated sale for public or private offering at,  below or above par. If the bonds are sold below par,  the aggregate amount of discount and interest to be paid on the bonds shall not exceed the amount of interest that would have been payable on those bonds pursuant to the maturity schedule prescribed by the district board at the maximum rate set out in the bond resolution.
B. If general obligation bonds of the district are sold above par,  the amount of net premium associated with a general obligation bond issue may be used only for the following purposes:
1. To pay any or all costs incurred in issuing the general obligation bonds.
2. As a deposit in a debt service fund and used only to pay interest on the issue of general obligation bonds.
C. If used for any purpose other than as prescribed in subsection B of this section,  and if the district has general obligation bond voter authorization and available capacity under its debt limitations prescribed by section 48-708,  subsection B,  the amount of net premium used for that purpose shall reduce in an equal amount both the available aggregate indebtedness capacity of the district prescribed in section 48-708,  subsection B and the principal amount authorized at the general obligation bond election for the district from which the issue of general obligation bonds is being sold. Any net premium that is used as prescribed in this subsection shall be amortized for all debt limitation purposes on a pro rata basis each year by multiplying the net premium used by a percentage equal to the percentage of the total principal amount of the general obligation bond issue that matures in that year.
D. The proceeds of the sales shall be deposited with the treasurer,  or with a trustee or agent designated by the district board,  to the credit of the district to be withdrawn for the purposes provided by this article. Pending that use,  the proceeds may be invested as determined by the district. The bonds may contain such terms,  conditions,  covenants and agreements as the district board deems proper. The bonds may be payable from any combination of taxes,  revenues or special assessments of the types described in sections 48-719,  48-720 and 48-721 and as specified in the bonds provided that all applicable requirements of those sections are met.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-724 - Dissolution of district

48-724.
Dissolution of district
A. The district may be dissolved by the district board by a resolution of the district board if the following conditions exist:
1. All of the property owned by the district has been or will be conveyed to the municipality,  county or school district.
2. Either the district has no obligations or the municipality or county has assumed all of the obligations of the district.
B. The district board shall comply with the conditions prescribed by subsection A of this section and shall dissolve the district if both of the following occur:
1. The governing body has consented to comply with the conditions prescribed by subsection A of this section and either:
(a) Dissolution has been approved by a vote of the qualified electors of the district or by the persons who are qualified to vote pursuant to section 48-707,  subsection G,  voting in an election called for that purpose.
(b) The governing body determines that the district has been inactive for at least five consecutive years and has no future purpose.
2. The district board adopts a resolution dissolving the district and records the resolution in the office of the county recorder.
C. The district board may call such an election and shall call such an election if requested to do so in a petition signed by ten per cent of the qualified electors of the district,  or by the persons who are qualified to vote pursuant to section 48-707,  subsection G.
D. The election shall be called and held in the same manner as a bond or tax levy election,  except that the ballot shall contain the words " dissolution,  yes"  and " dissolution,  no" .
E. All property in the district,  except federal,  state,  county and municipal property,  remains subject to the lien for the payment of general obligation bonds,  and any property subject to a special assessment lien remains subject to the lien notwithstanding dissolution of the district. The district may not be dissolved if any revenue bonds of the district remain outstanding unless an amount of money sufficient,  together with investment income thereon,  to make all payments due on the revenue bonds either at maturity or prior redemption has been deposited with a trustee or escrow agent and pledged to the payment and redemption of the bonds. The district may continue to operate after dissolution only as needed to collect money and make payments on any outstanding bonds.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-726 - Jurisdictional limitation; organizational documents

48-726.
Jurisdictional limitation;  organizational documents
The governing body of the jurisdiction in which the district is to be located may not require the petitioner to increase the infrastructure elements,  debt limit or duration of the district beyond the levels and limits set out in the petition and the associated documents that are submitted for the formation of the district.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-727 - District website; district records database

48-727.
District website;  district records database
A. The district board shall establish and maintain an official website that is electronically searchable by the public and that contains a comprehensive database of district contracts,  public notices,  meeting minutes,  resolutions and accounts showing all monies received and disbursed,  the annual budget and other records required to be maintained by law.
B. The database may not include:
1. Tax payment or refund data that includes confidential taxpayer information.
2. Work product in anticipation of litigation or other information that is subject to attorney-client privilege.
3. Any other information that is designated by law as confidential.
C. The district board shall provide a link to the database on the district's main website maintained by the district board and shall provide a link to that database to the department of administration.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-728 - Public infrastructure acceptance; bond

48-728.
Public infrastructure acceptance;  bond
A. On completion of a discrete segment of public infrastructure,  the individual or entity constructing the discrete segment of public infrastructure may submit a letter of completion to the governing body. Within thirty days after receiving a letter of completion,  the governing body,  or the governing body's designee,  shall conduct an inspection of the discrete segment of public infrastructure and provide the individual or entity with a written list of deficiencies not later than thirty days after initiating the inspection.
B. Within thirty days after submittal of an engineer's certification that a discrete segment of public infrastructure has been constructed according to the plans and specifications required by the governing body and that the deficiencies identified by the governing body or the governing body's designee have been remedied,  the governing body shall adopt and accept the discrete segment of public infrastructure for ownership,  operation and maintenance.
C. Acceptance of a discrete section of public infrastructure pursuant to this section does not modify the assurances and warranty requirements of a governing body prescribed by a municipal or county code or ordinance or as outlined in a development agreement entered into pursuant to section 9-500.05 or 11-1101.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-729 - District board composition reconciliation; petition

48-729.
District board composition reconciliation;  petition
A. For districts that are formed after August 9,  2017 and for which the district board consists of the governing body of the municipality or county,  ex officio,  with two additional district board members who were initially designated by an owner who owned the largest amount of privately owned acreage in the district at formation and who were appointed by the governing body,  all of the following apply:
1. At any time after receipt of a petition signed by the owners of a majority of the privately owned real property within the boundaries of the district as measured by square footage or acreage,  the district board may adopt a resolution to reconcile the district board composition by permanently removing from the district board the two additional appointed district board members and their positions on the district board.
2. On removal of the two additional district board members and their positions as prescribed in paragraph 1 of this section,  the district shall be governed by a district board that consists of the governing body of the municipality or county,  ex officio.
3. At any time after receipt of a petition signed by the owners of a majority of the privately owned real property within the boundaries of the district as measured by square footage or acreage,  the district board may adopt a resolution that provides that the two additional appointed district board member positions shall permanently be advisory nonvoting members of the district board following adoption of the resolution. Conversion of the two additional appointed district board member positions to advisory nonvoting district board member positions does not preclude any subsequent district board reconciliation as prescribed in paragraphs 1 and 2 of this subsection. The petition prescribed in this paragraph may be presented to the governing body of the municipality or county before formation of the district,  and if so presented,  the resolution ordering formation of the district adopted by the governing body may state that the two additional appointed district board member positions shall permanently be advisory nonvoting members of the district board.
B. The conversion of the two additional appointed district board member positions to permanently be advisory nonvoting district board member positions as prescribed by subsection A,  paragraph 3 of this section or the reconciliation to permanently remove the two additional appointed district board members as prescribed by subsection A,  paragraphs 1 and 2 of this section does not affect the validity of the formation of the district or the validity of district board actions before the conversion or reconciliation of the district board.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-804 - District administered by elected chief and secretary-treasurer

48-804.
District administered by elected chief and secretary-treasurer
A. Beginning with the first term of office that commences immediately after the next regular election for that fire district after July 29,  2010,  all districts that are administered by an elected chief and secretary-treasurer shall be administered by a three-member elected board of directors or a five-member elected board of directors as provided in section 48-803,  subsection A and the positions of elected chief and elected secretary-treasurer no longer exist for that district and have no legal or administrative authority for and in the district. Persons elected to a three-member board of directors or a five-member board of directors pursuant to this subsection shall be designated to serve staggered terms of four years,  with the initial terms of office for the three-member board or five-member board determined as prescribed in section 48-803,  subsection H. Thereafter,  all terms of office for members of these three-person or five-person boards of directors shall be four years.
B. Beginning July 29,  2010,  no new fire district may be established with an elected chief and secretary-treasurer and no existing fire district may be reorganized into a district with an elected chief and secretary-treasurer.
2023 Arizona Revised Statutes › Title 48 - Special Taxing Districts › § 48-805.03 - Employment of relatives; violation; classification

48-805.03.
Employment of relatives;  violation;  classification
A. It is unlawful for an elected or appointed officer or employee of a fire district to do any of the following:
1. Appoint or vote for appointment of any person who is related to that officer or employee by affinity or consanguinity within the third degree to any clerkship,  office,  position,  employment or duty in any department of that fire district when the salary,  wages or compensation of that appointee is to be paid from public monies or fees.
2. Appoint,  vote for or agree to appoint or to work for,  suggest,  arrange or be a party to the appointment of any person in consideration of the appointment of a person who is related to that officer or employee within the degree prescribed by this section.
B. An employee of a fire district or the spouse of an employee of a fire district may not hold membership on the governing board of the fire district that employs that employee.
C. This section does not apply to a fire district formed pursuant to article 3 of this chapter.
D. A person who violates this section is guilty of a class 2 misdemeanor.