Arizona Revised Statutes § 48-4464 District Member's Replenishment Account; Statements; Credits

48-4464. District member's replenishment account; statements; credits

A. The district shall establish and maintain a replenishment account for each district member. After the district computes each member's replenishment obligation, the district shall adjust the existing balance in the member's replenishment account as follows:

1. Debit the member's replenishment account in the amount of the member's replenishment obligation as computed under section 48-4463.

2. Credit the member's replenishment account in an amount equal to any replenishment services pursuant to sections 48-4470, 48-4472 and 48-4501 that the member purchased during the reporting year.

B. On or before May 15 of each year, the district shall issue to each member:

1. An account statement of the balance in the member's account as of December 31 of the reporting year.

2. A credit certificate to each member that has a net credit balance in its account. The certificate shall state the net credit in the member's account.

Section: Previous  48-4432  48-4433  48-4434  48-4435  48-4461  48-4462  48-4463  48-4464  48-4465  48-4466  48-4467  48-4468  48-4469  48-4470  48-4471  Next

Last modified: October 13, 2016