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Current as of January 01, 2025 | Updated by Findlaw Staff
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 § 48-4463.
2. Credit the member's replenishment account in an amount equal to any replenishment services pursuant to §§ 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.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-4464. District member's replenishment account; statements; credits - last updated January 01, 2025 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-4464/
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