Arizona § 45-2624 - Southside replenishment bank; credits
Full text of Arizona Arizona Revised Statutes § 45-2624 — Southside replenishment bank; credits, with citation guidance and answers to common questions.
§ 45-2624. Southside replenishment bank; credits
A. The southside replenishment bank is established as a separate bank in the records of the authority. The authority shall establish an account in the southside replenishment bank for the community.
B. Beginning with the first calendar year in which this section becomes effective, the authority shall annually deliver to the community in the manner provided in subsection D of this section, and at no cost to the community, not less than one thousand acre-feet of water acquired by the authority under chapter 14 of this title until the community's account has a credit balance of fifteen thousand acre-feet. The authority shall register one credit to the community's account for each acre-foot of water delivered to the community under this subsection.
C. If any debit registered to the southside replenishment bank under section 45-2623, subsection C, paragraph 4 causes the community’s account to have a credit balance of less than five thousand acre-feet, the authority shall deliver water to the community in the manner provided in subsection D of this section in an amount sufficient to bring the balance up to at least five thousand acre-feet by the end of the calendar year.
D. The authority shall enter into an intergovernmental agreement with the community pursuant to title 11, chapter 7, article 3, which shall describe in detail the procedures for the delivery of water to the community under this section, including the method by which the community will schedule and order water that the authority is required to deliver to the community under subsections B and C of this section. The procedures shall not require the authority to deliver in any month more than eleven per cent of the water required to be delivered during a year under subsection B of this section.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 45-2624
What does Arizona Revised Statutes § 45-2624 cover?
Section 45-2624 ("Southside replenishment bank; credits") 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 § 45-2624?
A common citation format is "Arizona Revised Statutes § 45-2624" (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 § 45-2624 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.