Arizona § 15-906 - Procedure for payment of levy fund liabilities payable on June 30; lapsing of levy funds with balance for reduction of taxes
Full text of Arizona Arizona Revised Statutes § 15-906 — Procedure for payment of levy fund liabilities payable on June 30; lapsing of levy funds with balance for reduction of taxes, with citation guidance and answers to common questions.
§ 15-906. Procedure for payment of levy fund liabilities payable on June 30; lapsing of levy funds with balance for reduction of taxes
A. Annually on or before June 30, each school district shall prepare for all levy funds a list of liabilities for goods received or services rendered on or before June 30 that will not be paid by June 30 of the current fiscal year.
B. Each school district having levy fund liabilities payable on June 30 shall file an advice of encumbrance with the county school superintendent on or before July 18, in the manner and on a form to be prescribed in the uniform system of financial records. The county school superintendent shall encumber amounts that are included in year-to-date expenditures not to exceed the budget and that are available to pay the liabilities pursuant to section 15-304.
C. The county school superintendent may draw warrants against the obligated in contract amounts pursuant to subsection B of this section for a period of sixty days immediately following the close of the fiscal year.
D. After expiration of the period of sixty days immediately following the close of each fiscal year, the remaining obligated in contract balance shall lapse and no further payments from the maintenance and operation, unrestricted capital outlay and adjacent ways funds shall be made on any claim for expenditures of the prior fiscal year.
E. School districts that are subject to section 15-914.01 shall adhere to the duties described in section 15-304 for the purposes of this section.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 15-906
What does Arizona Revised Statutes § 15-906 cover?
Section 15-906 ("Procedure for payment of levy fund liabilities payable on June 30; lapsing of levy funds with balance for reduction of taxes") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 15-906?
A common citation format is "Arizona Revised Statutes § 15-906" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 15-906 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.