Title 28 — Transportation
29 chapters · 1,674 sections in this title.
A.R.S. § 28-7675 Fund; annual financial audit and report
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A. The transportation board shall annually cause a financial audit to be made of the fund. The financial audit shall be conducted by a certified public accountant within six months after the end of each fiscal year. The board shall immediately file a certified copy of the audit w…
A.R.S. § 28-7676 Eligible project loans and other financial assistance
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A. A political subdivision or this state or its agencies, including the department, may apply to the transportation board for any loan or other financial assistance from the fund to support an eligible project. B. An Indian tribe may apply to the board for any loan or other finan…
A.R.S. § 28-7677 Acceleration of right-of-way acquisition, design or construction of eligible highway and transportation projects
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A. If the department enters into an agreement with a political subdivision or Indian tribe for accelerated right-of-way acquisition, design or construction of an eligible highway project, the agreement may provide for the advancing to the department by the political subdivision o…
A.R.S. § 28-7681 Definitions
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In this article, unless the context otherwise requires: 1. "Excise taxes" means all unrestricted excise, transaction, franchise, privilege and business taxes, state shared sales and income taxes, fees for licenses and permits and state revenue sharing that are validly imposed by …
A.R.S. § 28-7682 Highway project advancement notes; pledge of excise taxes
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A. After entering into a highway project advance agreement that has been previously approved by the governing body of the political subdivision and by the transportation board, a political subdivision may issue and sell highway project advancement notes either competitively or by…
A.R.S. § 28-7683 Limitations
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A. The aggregate outstanding principal amount of highway project advancement notes issued by a political subdivision and secured by highway project advance revenues shall not be more than the aggregate of all uncollected highway project advance revenues to be received by the poli…
A.R.S. § 28-7684 Application of revenues; highway project advancement notes fund; payment of notes
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A. After issuance of highway project advancement notes, revenues the political subdivision receives under the applicable highway project advance agreement shall be collected and, as provided by the political subdivision at the time of authorizing the issuance of the highway proje…
A.R.S. § 28-7685 Use of proceeds
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A political subdivision shall use the proceeds from the sale of highway project advancement notes for payment of any of the following: 1. Advances to the department under the highway project advance agreement to which the highway project advancement notes relate. 2. Legal and fin…
A.R.S. § 28-7686 Refunding
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A political subdivision may issue highway project advancement notes to refund highway project advancement notes previously issued and other obligations if the proceeds of the previously issued highway project advancement notes and other obligations were or are applied to the fina…
A.R.S. § 28-7687 Nature of highway project advancement notes; limited obligation
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A. Highway project advancement notes issued pursuant to this article are not general obligations of a political subdivision, any public officer or employee of a political subdivision or this state. B. Highway project advancement notes are limited obligations of the issuer of the …
A.R.S. § 28-7691 Definitions
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In this article, unless the context otherwise requires: 1. "Excise taxes" means all unrestricted excise, transaction, franchise, privilege and business taxes, state shared transaction privilege and income taxes, fees for licenses and permits and state revenue sharing that are lev…
A.R.S. § 28-7692 Transportation project advancement notes; pledge of excise taxes
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A. A regional planning agency, metropolitan planning organization or council of governments or a designated grant recipient may enter into a transportation project advance agreement with each other, a political subdivision, the department or a regional public transportation autho…
A.R.S. § 28-7693 Limitations
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The aggregate outstanding principal amount of transportation project advancement notes issued by a political subdivision and secured by transportation project advance revenues shall not be more than the aggregate of all uncollected transportation project advance revenues to be re…
A.R.S. § 28-7694 Application of revenues; transportation project advancement notes; payment of notes
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After issuance of transportation project advancement notes, the revenues the political subdivision receives under the applicable transportation project advance agreement shall be used as set forth in the agreement, including the payment when due or on redemption in advance of mat…
A.R.S. § 28-7695 Use of proceeds
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A political subdivision shall use the proceeds from the sale of transportation project advancement notes for payment of any of the following: 1. Advances for a transportation project included in the state's transportation improvement program or a plan, as defined in section 28-63…
A.R.S. § 28-7696 Refunding
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A political subdivision may issue transportation project advancement notes to refund transportation project advancement notes previously issued and other obligations if the proceeds of the previously issued transportation project advancement notes and other obligations are applie…
A.R.S. § 28-7697 Nature of transportation project advancement notes; limited obligation
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A. Transportation project advancement notes issued pursuant to this article are not general obligations of a political subdivision, any public officer or employee of a political subdivision or this state. B. Transportation project advancement notes are limited obligations of the …