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.
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.