Arizona Revised Statutes Title 48. Special Taxing Districts § 48-4503. Certification and levy of ad valorem taxes; limitation

A. On or before the second Monday in August of the fourth calendar year following the year in which the district is established and each year thereafter, the clerk of the board of supervisors of each county in which all or part of the district is located shall certify to the board of directors the total assessed valuation of all taxable property in the district and in the county.

B. On or before the third Monday in August of each year, beginning in the fourth calendar year in which the district is established, the board of directors shall fix the amount to be raised by ad valorem property taxation and shall certify to the respective county boards of supervisors a tax sufficient to raise that amount. The total tax to be levied for all purposes pursuant to this section for a taxable year shall not exceed a rate of two cents per one hundred dollars of assessed valuation of all taxable property in the district. The board of directors shall approve the amount to be raised by taxation under this section as follows:

C. The respective boards of supervisors shall levy and cause the tax to be collected at the same time and in the same manner as general county property taxes.

D. The tax revenues collected pursuant to this section shall be paid to the district and used solely for the purposes for which they were imposed and collected.