Arizona § 48-958 - Disposition of surplus funds
Full text of Arizona Arizona Revised Statutes § 48-958 — Disposition of surplus funds, with citation guidance and answers to common questions.
§ 48-958. Disposition of surplus funds
A. If any money or property remains in the special fund for any bond issue after all the bonds are fully paid, it shall go to the general fund of the district, except that if the work has been fully completed and the maintenance of a general fund is not deemed necessary by the board of directors of the district then the surplus funds shall go to the general fund of the county.
B. Notwithstanding subsection A of this section, if any money remains in the special fund for any bond issue after all the bonds are fully paid, and if the maintenance of a district general fund is deemed not necessary by the board of directors of the district, then the funds may be used to pay any outstanding bonds of any improvement district which lacks sufficient funds to fully pay all bonds.
C. On dissolution of a district pursuant to section 48-959 and on the passage of a period of two years with no activity, the county treasurer may request that the board of supervisors transfer all or part of any money remaining in any special or general fund of the district to the county general fund for purposes for which it was collected if required or for appropriation for the health, safety and welfare of the general public.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-958
What does Arizona Revised Statutes § 48-958 cover?
Section 48-958 ("Disposition of surplus funds") 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 § 48-958?
A common citation format is "Arizona Revised Statutes § 48-958" (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 § 48-958 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.