2016 Arizona Revised Statutes
Title 48 - Special Taxing Districts
§ 48-303 Bond for expenses; payment of expenses
48-303. Bond for expenses; payment of expenses
A. At the time of filing the petition, a bond shall be filed with the board in double the amount of the probable cost of organizing the district which shall be fixed by the clerk of the board of supervisors and approved by the chairman. The bond shall be conditioned upon the payment to the county of all expenses incurred by the board in the proceedings if organization of the district is not effected.
B. If organization of the district is effected, then all expenses incurred by the county in the proceedings shall become county expenses and shall be repaid to the county by the district from monies received from the first collection of taxes by the district.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
