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REFERENCE TITLE: road improvement districts; financing |
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State of Arizona Senate Fifty-third Legislature First Regular Session 2017
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SB 1453 |
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Introduced by Senator Griffin
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AN ACT
amending sections 48‑1041 and 48‑1044, Arizona Revised Statutes; relating to rural road improvement districts.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 48-1041, Arizona Revised Statutes, is amended to read:
48-1041. Participation by county
The board of supervisors, by resolution, may summarily order that the county pay part of the costs of any rural road improvement, including preliminary incidental costs.
Sec. 2. Section 48-1044, Arizona Revised Statutes, is amended to read:
48-1044. Finances
The rural road improvement projects may be financed from the following sources of revenue:
1. Proceeds received from the sale of bonds of the district. In addition to issuing general obligation bonds as prescribed by section 48‑1045, the district may issue improvement bonds in the manner prescribed for county improvement districts established pursuant to article 1 of this chapter that are payable over not more than ten years.
2. Monies of the county which that are contributed to the district.
3. State or federal grants.
4. Private contributions.
5. Any other monies available to the district by law.