Arizona Revised Statutes § 42-17110 Budget Of A Newly Incorporated City Or Town

42-17110. Budget of a newly incorporated city or town

A. Notwithstanding any other provision of this article, a city or town that is incorporated after the third Monday in July or before June 30 in any fiscal year may adopt an interim budget by ordinance for the remainder of the fiscal year in which the city or town was incorporated.

B. The city or town shall hold hearings on the proposed budget as prescribed by this article.

C. The city or town may issue warrants pursuant to sections 9-247 through 9-250 to pay necessary expenses, which shall be redeemed when monies become available in the next fiscal year.

D. The interim budget is not a base for computing allowable increases in the budget for the succeeding full fiscal year. The budget for the succeeding full fiscal year may be made as if no interim budget had been adopted.

Section: Previous  42-17103  42-17104  42-17105  42-17106  42-17107  42-17108  42-17109  42-17110  42-17151  42-17152  42-17153  42-17154  42-17201  42-17202  42-17203  Next

Last modified: October 13, 2016