Bill Text: AZ SB1453 | 2017 | Fifty-third Legislature 1st Regular | Chaptered

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Bill Title: Road improvement districts; financing

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2017-05-22 - Chapter 341 [SB1453 Detail]

Download: Arizona-2017-SB1453-Chaptered.html

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Senate Engrossed

 

 

 

State of Arizona

Senate

Fifty-third Legislature

First Regular Session

2017

 

 

 

CHAPTER 341

 

SENATE BILL 1453

 

 

AN ACT

 

amending sections 48‑1041 and 48‑1044, Arizona Revised Statutes; relating to rural road improvement districts.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 48-1041, Arizona Revised Statutes, is amended to read:

START_STATUTE48-1041.  Participation by county

The board of supervisors, by resolution, may summarily order that the county pay part of the costs of any rural road improvement, including preliminary incidental costs. END_STATUTE

Sec. 2.  Section 48-1044, Arizona Revised Statutes, is amended to read:

START_STATUTE48-1044.  Finances

The rural road improvement projects may be financed from the following sources of revenue:

1.  Proceeds received from the sale of bonds of the district.  In addition to issuing general obligation bonds as prescribed by section 48‑1045, the district may issue improvement bonds in the manner prescribed for county improvement districts established pursuant to article 1 of this chapter that are payable over not more than ten years.

2.  Monies of the county which that are contributed to the district.

3.  State or federal grants.

4.  Private contributions.

5.  Any other monies available to the district by law. END_STATUTE

 

 

 

APPROVED BY THE GOVERNOR MAY 22, 2017.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE MAY 22, 2017.