Arizona Revised Statutes Title 48. Special Taxing Districts § 48-4974. Additional duties; special fund; revolving fund

1. Adopt bylaws, rules, ordinances and policies for the performance of the water district groundwater replenishment obligations.

2. Perform all acts necessary to carry out the water district groundwater replenishment obligations including those replenishment activities prescribed in § 48-4973, subsection B.

3. Except as provided in subsection B of this section and § 48-4973, subsection A, paragraph 5, require that all monies received on behalf of the district as payments of replenishment assessments, replenishment taxes or contract replenishment taxes shall be deposited in a special fund established by the state to be expended at the direction of the district to effectuate the provisions and purposes of this article. On notice from the district, the state treasurer shall invest and divest monies in the fund as provided by § 35-313, and monies earned from investment shall be credited to the fund.

4. Employ such agents, engineers, attorneys and employees as are necessary to carry out the obligations of the district under this article.