A. The board shall levy an annual replenishment tax for the privilege of withdrawing groundwater in the district. The tax shall be levied against each district member whose replenishment account under section 48-4464 contains a debit balance as of June 30 each year. The tax shall be levied at a rate that will be sufficient to produce the amount of money estimated to pay the water acquisition costs of an amount of water necessary to offset the debit balances of all members’ replenishment accounts as reported pursuant to section 48-4466, subsection B.

Terms Used In Arizona Laws 48-4501

  • Board: means the board of directors of a groundwater replenishment district. See Arizona Laws 48-4401
  • District: means a groundwater replenishment district established under this chapter. See Arizona Laws 48-4401
  • member: means a municipality that contains a service area and petitions for the formation of the district or petitions for the expansion of the district pursuant to this title. See Arizona Laws 48-4401
  • Replenish: means to increase the amount of groundwater in a district either incidentally or through water storage undertaken pursuant to Title 45, Chapter 3. See Arizona Laws 48-4401
  • Replenishment tax: means the taxes imposed by sections 48-4470, 48-4472 and 48-4501 on district members for the privilege of withdrawing groundwater. See Arizona Laws 48-4401
  • Water acquisition costs: means the cost of acquiring water for use by the district in fulfilling its replenishment obligations pursuant to sections 48-4470, 48-4472 and 48-4501, including costs of purchase or lease of water, energy costs for transporting water, operation costs, maintenance costs, withdrawal or severance taxes paid in connection with the water, capital costs for headworks, well or transmission facilities constructed at a water source and interest on monies that are borrowed to acquire water. See Arizona Laws 48-4401

B. On or before August 15 of each year, the district shall transmit a statement to each district member that is subject to the replenishment tax stating the amount of replenishment tax.

C. On or before October 15 of each year, each district member shall pay to the district an amount equal to the replenishment tax multiplied by the net debit balance in the member’s replenishment account as computed pursuant to section 48-4464.

D. The district shall credit all revenues it collects under this section to the water acquisition fund.

E. The district shall replenish water in an amount that is sufficient to offset the debit balances of all members’ replenishment accounts computed pursuant to subsection A of this section.