Arizona § 48-963 - Revolving fund; lapsing provisions; separate fund
Full text of Arizona Arizona Revised Statutes § 48-963 — Revolving fund; lapsing provisions; separate fund, with citation guidance and answers to common questions.
§ 48-963. Revolving fund; lapsing provisions; separate fund
A. The board of supervisors may create a revolving fund in the county treasury to aid in the construction of public improvements under this article. The board of supervisors may provide for payments into such fund from any lawful source including but not limited to payments from the proceeds of the sale of bonds of the county issued for street improvement purposes, monies in the public works reserve fund or from the general fund or monies returned to the county from motor vehicle fuel and user taxes collected by the state.
B. All unexpended balances of appropriations from the fund remaining after the appropriations lapse according to law shall revert to the fund.
C. The fund established pursuant to this section shall be kept separate and apart from all other funds.
D. The monies in the revolving fund may be used to purchase bond anticipation notes, to aid in the payments made to the construction contractor, to provide for the payment of the county's share of any improvement authorized under this article or to provide monies to pay the assessments levied against public property.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 48-963
What does Arizona Revised Statutes § 48-963 cover?
Section 48-963 ("Revolving fund; lapsing provisions; separate fund") 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 § 48-963?
A common citation format is "Arizona Revised Statutes § 48-963" (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 § 48-963 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.