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Arizona Revised Statutes Title 48. Special Taxing Districts § 48-1312. Dissolution

Current as of March 08, 2022 | Updated by FindLaw Staff

A. Districts may be dissolved by a majority vote of the board of directors of the district.

B. If the district is dissolved, the council, within sixty days after the action taken under subsection A, shall:

1. Dispose of the district's assets, if any.

2. Pay the district's outstanding obligations.

3. Distribute any remaining district monies to producers in proportion to the last assessment paid by the producer.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-1312. Dissolution - last updated March 08, 2022 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-1312/

Read this complete Arizona Revised Statutes Title 48. Special Taxing Districts § 48-1312. Dissolution on Westlaw. Westlaw subscription required.

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