Arizona § 40-1127 - Rates and charges
Full text of Arizona Arizona Revised Statutes § 40-1127 — Rates and charges, with citation guidance and answers to common questions.
§ 40-1127. Rates and charges
The rates and charges for service furnished pursuant to this article shall be determined by vote of the majority of all of the members of the board. Such rates shall be reasonable, and, insofar as is practical, the revenue derived therefrom shall be sufficient to pay, in the following priority:
1. Interest and principal of the bonds, subject to the applicable provisions of this chapter authorizing issuance and retirement of bonds.
2. Operating expenses of the authority.
3. Repairs, maintenance and depreciation of works and property owned or operated by the authority.
4. Amounts necessary for the purchase, lease, or acquisition of property and equipment.
5. Amounts necessary for the payment of contracts, agreements, leases and other legal liabilities entered into by the authority.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 40-1127
What does Arizona Revised Statutes § 40-1127 cover?
Section 40-1127 ("Rates and charges") 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 § 40-1127?
A common citation format is "Arizona Revised Statutes § 40-1127" (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 § 40-1127 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.