Title 48 — Special Taxing Districts
37 chapters · 1,636 sections in this title.
A.R.S. § 48-3248 Procedure in court action; appeal to supreme court; costs
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A. The procedure in the superior court under the provisions of this article shall be in the nature of an equitable proceeding in rem. B. The court in inquiring into the regularity, legality or correctness of the proceedings shall disregard any error, irregularity or omission whic…
A.R.S. § 48-3249 Abrogation of agreement by failure to deposit fifty-one per cent of bonds
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If the bonds of the district deposited with the state treasurer at the end of two years from the date of the adoption of the bondholders' agreement are less than fifty-one per cent of the principal amount of all bonds of the district then outstanding, the bondholders' agreement s…
A.R.S. § 48-3250 Change in terms of agreement; effective date
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If the committee determines at any time that it is necessary or desirable to change or deviate from the terms, conditions and proposals of the plan adopted and set forth in the bondholders' agreement, it shall reduce the proposed change or deviation to writing and submit it to th…
A.R.S. § 48-3251 Permissive deposit of bonds with treasurer
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Any bondholders may at any time deposit his bonds with the state treasurer and thereafter be entitled to the benefits and subject to the liabilities of the bondholders' agreement and any amendments thereof.
A.R.S. § 48-3252 Expenses of committee; payment
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A. The actual and necessary expenses of the bondholders' committee incurred in the performance of the duties imposed by this article or by the bondholders' agreement shall be paid as other operating expenses of the district. The total amount of such expenses shall not exceed one …
A.R.S. § 48-3253 Powers of committee in enforcing agreement
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Immediately upon the bondholders' agreement becoming effective, the committee may perform, enforce and carry out the terms and conditions of the bondholders' agreement, with all of the powers expressed therein or implied therefrom.
A.R.S. § 48-3254 Abrogation of agreement and discharge of committee when bond obligations discharged; discharge of individual from tax liability by payment of proportionate liability
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A. When all bond obligations of the district accrued or to accrue during the operation of the bondholders' agreement, and the expenses incident thereto, have been discharged in full, and upon the certificate of the state treasurer to that effect filed with the state certification…
A.R.S. § 48-3255 Partial payment of bonds and interest
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Upon granting the petition and during the retention of jurisdiction by the committee, if there are in the district treasury at any time funds available for the payment of bonds or interest thereon, but such amount is not sufficient to pay all outstanding bonds, interest coupons, …
A.R.S. § 48-3256 Acceptance of bond interest coupons by committee
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When the committee has acquired jurisdiction under this article, and during the continuance thereof, no bond interest coupon shall be received or accepted in payment or discharge of any district tax other than and except for the payment of taxes levied for the payment and satisfa…