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Arizona Revised Statutes - Title 48 Special Taxing Districts - Chapter 38 Regional Attraction Districts

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  • 48-6601 - Definitions
    (Conditionally Rpld. Delayed Rpld.) In this chapter, unless the context otherwise requires: 1. "Board" means the board of directors of a district. 2. "District" means...
  • 48-6602 - Formation of district
    (Conditionally Rpld. Delayed Rpld.) A. On the petition of owners of at least two hundred acres of real property in the proposed district, the governing...
  • 48-6603 - Board of directors
    (Conditionally Rpld. Delayed Rpld.) A. The district is governed by a board of directors consisting of the following members: 1. Two members of the governing...
  • 48-6604 - Administrative powers and duties
    (Conditionally Rpld. Delayed Rpld.) A. The board of directors, on behalf of the district, may: 1. Adopt and use a corporate seal. 2. Sue and...
  • 48-6605 - Conflicts of interest
    (Conditionally Rpld. Delayed Rpld.) A. The directors of the district are subject to title 38, chapter 3, article 8, relating to conflicts of interest, including...
  • 48-6606 - Performance audit; termination of district; delayed repeal
    (Conditionally Rpld. Delayed Rpld.) A. The auditor general shall conduct a performance audit, as defined in section 41-1278, of the district and its operations. The...
  • 48-6631 - Constructing and maintaining regional attraction venue
    (Conditionally Rpld. Delayed Rpld.) A. The district shall provide for the construction, financing, use, furnishing, improvement, operation, marketing, promotion and maintenance of a regional attraction...
  • 48-6632 - Operational powers and duties of district
    (Conditionally Rpld. Delayed Rpld.) A. The district, through the board of directors, shall: 1. Negotiate and enter into agreements with developers, contractors and architects for...
  • 48-6633 - Relations with owners of real property
    (Conditionally Rpld. Delayed Rpld.) A. The district may locate any of its facilities on real property leased from one or more public or private owners....
  • 48-6634 - Quarterly report; appearance before joint legislative budget committee
    (Conditionally Rpld. Delayed Rpld.) A. Within three weeks after the end of each calendar quarter, the district shall prepare a report signed by the chairperson...
  • 48-6635 - Regulating sale, use and consumption of alcoholic beverages
    (Conditionally Rpld. Delayed Rpld.) Subject to the requirements of title 4, the board may permit, prohibit or regulate the sale, use and consumption of alcoholic...
  • 48-6636 - Gambling prohibited in district
    (Conditionally Rpld. Delayed Rpld.) Gambling pursuant to title 5, chapters 4, 5 and 6 shall not be allowed within the geographical boundaries of the district.
  • 48-6651 - Annual budget
    (Conditionally Rpld. Delayed Rpld.) A. On or before June 30 of each year, the board shall hold a public hearing to adopt a budget for...
  • 48-6652 - General fund; investments
    (Conditionally Rpld. Delayed Rpld.) A. The district shall maintain a general fund and may establish accounts and subaccounts within the general fund as necessary and...
  • 48-6653 - Construction account
    (Conditionally Rpld. Delayed Rpld.) A. The district shall maintain a construction account in the general fund consisting of: 1. Monies received by the district from...
  • 48-6654 - Excise tax; administration; expiration
    (Conditionally Rpld. Delayed Rpld.) A. The district may levy an excise tax on business activity in the district that is subject to taxation under title...
  • 48-6655 - Payments in lieu of property taxes
    (Conditionally Rpld. Delayed Rpld.) A. The property of the district is exempt from ad valorem property taxes pursuant to article IX, section 2, Constitution of...
  • 48-6656 - Development fees prohibited
    (Conditionally Rpld. Delayed Rpld.) The board shall not levy or assess impact or development fees or any other assessment, however denominated and for any purpose,...
  • 48-6657 - Reimbursement for county services
    (Conditionally Rpld. Delayed Rpld.) The actual costs of services provided by the county to the district are subject to reimbursement pursuant to section 11-251.06. The...
  • 48-6658 - Audit
    (Conditionally Rpld. Delayed Rpld.) A. The board shall cause an annual audit to be conducted of the district's funds, accounts and subaccounts by an independent...
  • 48-6671 - Definitions
    (Conditionally Rpld. Delayed Rpld.) In this article, unless the context otherwise requires: 1. "Bond" means any obligation authorized and issued pursuant to this article, including:...
  • 48-6672 - Obligation for the bonds
    (Conditionally Rpld. Delayed Rpld.) Bonds issued under this article: 1. Are payable only according to their terms. 2. Are obligations of the district. 3. Are...
  • 48-6673 - Authorization of bonds
    (Conditionally Rpld. Delayed Rpld.) A. Subject to subsections F and G of this section, the district may issue bonds pursuant to this article in a...
  • 48-6674 - Issuance and sale of bonds
    (Conditionally Rpld. Delayed Rpld.) A. The board shall issue the bonds in the number and amount provided in the resolution. The board shall provide notice...
  • 48-6675 - Bond proceeds account
    (Conditionally Rpld. Delayed Rpld.) A. If the district issues bonds under this article, the board shall establish a bond proceeds account within the general fund...
  • 48-6676 - Debt service account
    (Conditionally Rpld. Delayed Rpld.) A. If the district issues bonds under this article, the board shall establish a debt service account within the general fund...
  • 48-6677 - Securing principal and interest
    (Conditionally Rpld. Delayed Rpld.) In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds, the board...
  • 48-6678 - Lien of pledge
    (Conditionally Rpld. Delayed Rpld.) A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The...
  • 48-6679 - Bond purchase for cancellation
    (Conditionally Rpld. Delayed Rpld.) The board may purchase bonds for cancellation, using any available monies, at a price not exceeding the following: 1. If the...
  • 48-6680 - Payment of bonds
    (Conditionally Rpld. Delayed Rpld.) A. The bonds shall be paid solely from monies in the debt service account. B. The members of the board and...
  • 48-6681 - Use of surplus monies
    (Conditionally Rpld. Delayed Rpld.) A. If a balance remains in the bond proceeds account after all acquisition, construction and related costs have been paid: 1....
  • 48-6682 - Investment of monies in the bond proceeds account
    (Conditionally Rpld. Delayed Rpld.) A. The board may authorize the district fiscal agent to invest monies in the bond proceeds account in the manner prescribed...
  • 48-6683 - Investment of monies in the debt service account
    (Conditionally Rpld. Delayed Rpld.) A. The board may authorize the district fiscal agent to invest and reinvest any monies in the debt service account as...
  • 48-6684 - Authorized investments of monies
    (Conditionally Rpld. Delayed Rpld.) A. The monies in either the bond proceeds account or the debt service account may be invested and reinvested at the...
  • 48-6685 - Deposit and disbursement of monies
    (Conditionally Rpld. Delayed Rpld.) A. Monies derived from selling bonds under this article or pledged or assigned to or in trust for the benefit of...
  • 48-6686 - Characteristics of bonds; negotiability; legal investments; exemption from taxation
    (Conditionally Rpld. Delayed Rpld.) A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code,...
  • 48-6687 - Effect of changing circumstances on bonds; agreement of state
    (Conditionally Rpld. Delayed Rpld.) A. Bonds issued under this article remain valid and binding obligations of the district notwithstanding that before the delivery of the...
  • 48-6688 - Validity of bonds; legal opinion
    (Conditionally Rpld. Delayed Rpld.) A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No...
  • 48-6689 - Conditional termination of district; repeal
    48-6689. Conditional termination of district; repeal (Conditionally Rpld. Delayed Rpld.) The district terminates for all purposes as provided by section 48-6606, and this chapter is...
  • Last modified: February 20, 2012