Arizona § 48-4505 - District funds; allocation of revenues; purposes
Full text of Arizona Arizona Revised Statutes § 48-4505 — District funds; allocation of revenues; purposes, with citation guidance and answers to common questions.
§ 48-4505. District funds; allocation of revenues; purposes
A. The district shall establish and maintain a general fund and a water acquisition fund in addition to the bond fund established under section 48-4549.
B. The general fund consists of revenues received from:
1. The portion of the district's ad valorem property tax levy under section 48-4503 that is allocated for administration costs, costs of acquiring district water and capacity costs, other than amounts levied for the payment of bonds and bond related expenses.
2. The portion of the groundwater augmentation fees that is transferred to the district pursuant to section 48-4504.
3. Sales of state demonstration project water that the district acquires under section 45-896.01. Proceeds from selling demonstration project water shall be separately accounted for and spent only for capacity costs.
4. The portion of the district's water acquisition fund representing capacity costs recovered through the replenishment tax under section 48-4501.
C. The water acquisition fund consists of revenues received from the replenishment tax under sections 48-4470, 48-4472 and 48-4501.
D. The district shall pay:
1. Its administrative costs, costs of acquiring district water and capacity costs only from the general fund.
2. Its water acquisition costs only from the water acquisition fund.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-4505
What does Arizona Revised Statutes § 48-4505 cover?
Section 48-4505 ("District funds; allocation of revenues; purposes") 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 § 48-4505?
A common citation format is "Arizona Revised Statutes § 48-4505" (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 § 48-4505 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.