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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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
37-526 - Central Arizona project municipal and industrial repayment fund
37-526. Central Arizona project municipal and industrial repayment fund
A. The central Arizona project municipal and industrial repayment fund is established consisting of:
1. Revenues from the transfer of central Arizona project municipal and industrial water rights and the sale of central Arizona project municipal and industrial water pursuant to section 37-106.01.
2. Monies appropriated to the fund by the legislature.
B. Monies in the fund shall be used to make payments charged to this state under the central Arizona project municipal and industrial water service subcontract among the United States, the central Arizona water conservation district and this state. Any monies remaining in the fund after satisfying the subcontract obligations revert to the state general fund.