The rural road improvement projects may be financed from the following sources of revenue:

Terms Used In Arizona Laws 48-1044

  • District: means a tax levying rural road improvement district formed pursuant to this article. See Arizona Laws 48-1031
  • improvement: means opening, widening, planning, designing, constructing, reconstructing or acquiring a rural road including any necessary or incidental improvements, labor, services, expenses and materials. See Arizona Laws 48-1031
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Rural road: means a county highway that is included in the county regional transportation plan and that connects two state highways one of which leads to a hazardous waste facility contracted for, owned or operated by the state, any of its agencies, instrumentalities or political subdivisions. See Arizona Laws 48-1031

1. Proceeds received from the sale of bonds of the district. In addition to issuing general obligation bonds as prescribed by section 48-1045, the district may issue improvement bonds in the manner prescribed for county improvement districts established pursuant to article 1 of this chapter that are payable over not more than ten years.

2. Monies of the county that are contributed to the district.

3. State or federal grants.

4. Private contributions.

5. Any other monies available to the district by law.

 

  Previous section
Next section  
 Article 5 Contents