The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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45-1975 - Receipt of monies; disbursements; operation of accounting system
45-1975. Receipt of monies; disbursements; operation of accounting system
A. Monies due to the authority under agreements for the sale of water or other services, proceeds of revenue bond issues or any other obligation may be made payable at the office of the authority. All monies derived from operations of the authority and received by any officer, agent or employee of the authority shall be promptly remitted to the secretary-treasurer.
B. All operation monies of the authority shall be paid out only according to the regularly adopted operation budget of the authority on warrants in discharge of claims and obligations approved by the board, signed by the chairman of the board and countersigned by the executive director or other duly authorized officer of the authority.
C. The appropriate claim vouchers shall be regularly entered in the accounting system of the authority and preserved for auditing purposes.