Arizona § 42-17108 - Encumbering municipal monies to pay obligations after close of fiscal year
Full text of Arizona Arizona Revised Statutes § 42-17108 — Encumbering municipal monies to pay obligations after close of fiscal year, with citation guidance and answers to common questions.
§ 42-17108. Encumbering municipal monies to pay obligations after close of fiscal year
A. A city or town may encumber monies at the end of a fiscal year for any liabilities incurred during that fiscal year and still outstanding at the end of the fiscal year.
B. Payments may be made from encumbered monies for a period of sixty days immediately after the end of the fiscal year. After the expiration of the sixty day period:
1. Any remaining encumbered balance lapses.
2. No further payments may be made from the budget of the preceding fiscal year.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-17108
What does Arizona Revised Statutes § 42-17108 cover?
Section 42-17108 ("Encumbering municipal monies to pay obligations after close of fiscal year") 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 § 42-17108?
A common citation format is "Arizona Revised Statutes § 42-17108" (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 § 42-17108 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.