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Current as of January 01, 2025 | Updated by Findlaw Staff
A. On or before June 30 of each year, a district member whose replenishment account reflects a net debit balance shall:
1. Enter into a contract with the district for replenishment services pursuant to § 48-4470 in an amount sufficient to offset the debit balance or allocate an amount of services under an existing contract to the reporting year in an amount sufficient to offset the debit balance.
2. Purchase replenishment services pursuant to § 48-4472 in an amount sufficient to offset the debit balance, designating the replenishment services to be used for that purpose.
3. Surrender credits to the district pursuant to § 48-4465 in an amount sufficient to offset the debit balance.
B. On or before August 15 of each year, the district shall prepare a revised account statement for each district member that reflects any purchase of replenishment services or surrender of credits by the district member pursuant to subsection A of this section.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 48. Special Taxing Districts § 48-4466. Settlement of replenishment accounts - last updated January 01, 2025 | https://codes.findlaw.com/az/title-48-special-taxing-districts/az-rev-st-sect-48-4466/
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