Arizona § 48-1917 - Capital outlays
Full text of Arizona Arizona Revised Statutes § 48-1917 — Capital outlays, with citation guidance and answers to common questions.
§ 48-1917. Capital outlays
A. The board of directors may establish a fund for capital outlays. After a capital outlay fund is created, the board of directors may transfer to the fund any unincumbered surplus funds remaining on hand in the district at the end of a fiscal year.
B. When a capital outlay fund is established, it shall be used only for capital outlay purposes, but the board of directors may, by a four - fifths vote of all members, if it finds that the fund is no longer necessary or that there remain in the fund monies which are no longer required for capital outlay purposes, discontinue the fund or transfer as much of it as is no longer required for capital outlay purposes to the payment of outstanding bonds, or if there are none, to any fund for payment of current expenses of the district.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-1917
What does Arizona Revised Statutes § 48-1917 cover?
Section 48-1917 ("Capital outlays") 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 § 48-1917?
A common citation format is "Arizona Revised Statutes § 48-1917" (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 § 48-1917 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.