Arizona Revised Statutes § 48-931 Proportionate Assessment; Collection Or Issuance Of Bonds

48-931. Proportionate assessment; collection or issuance of bonds

The board of directors may, upon completion of any portion of the improvement for which the contract price equals twenty thousand dollars or more, order the superintendent to make an assessment for the proportionate part of the contract completed, and thereon proceedings and rights of collection of such proportionate amount shall be had as provided by this article. If the resolution of intention for the improvement provides for the issuance of improvement bonds, they shall be issued and delivered to the contractor for the proportionate amount of the contract price so assessed.

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Last modified: October 13, 2016