Arizona § 48-148 - Charges for payment of undertaking
Full text of Arizona Arizona Revised Statutes § 48-148 — Charges for payment of undertaking, with citation guidance and answers to common questions.
§ 48-148. Charges for payment of undertaking
A. The board of directors of the district issuing the bonds shall prescribe charges and revise them whenever necessary so that any undertaking for which the bonds were issued shall always remain self-supporting with revenue sufficient:
1. To pay when due all bonds and interest thereon, for the payment of which the revenue has been pledged, encumbered or charged.
2. To provide for all expenses of operation, maintenance, expansion and replacement of facilities.
3. To provide reasonable reserves for such purposes.
B. Until the payment of all bonds on an undertaking issued under this article, neither the receipts nor expenditures in connection with the operation of the undertaking shall be included in any budget of the district, and the actual expenditures from the funds, other than for bond interest and redemption, shall be deemed to have been included in and to have constituted a part of the budget adopted by the district for the fiscal year in which the bonds were so paid.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-148
What does Arizona Revised Statutes § 48-148 cover?
Section 48-148 ("Charges for payment of undertaking") 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 § 48-148?
A common citation format is "Arizona Revised Statutes § 48-148" (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 § 48-148 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.