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.

Terms Used In Arizona Laws 48-4505

  • Administrative costs: means the compensation and employment related expenses of the officers and administrative employees of the district, the compensation and reimbursements of members of the board of directors, operation and maintenance expenses and acquisition costs of property, equipment and other materials that the district acquires for administrative purposes. See Arizona Laws 48-4401
  • Capacity costs: means the cost of acquiring, constructing or leasing replenishment facilities, including any necessary land, any facilities that are necessary to treat water and facilities that are required to transport water to a treatment facility or replenishment area that is operated, owned or leased by a district, including interest on any amount that was borrowed to acquire, lease or construct the facilities. See Arizona Laws 48-4401
  • District: means a groundwater replenishment district established under this chapter. See Arizona Laws 48-4401
  • District water: means water that a district acquires in a calendar year and that exceeds the amount that is necessary to fulfill its contracts for replenishment pursuant to section 48-4470, demand services pursuant to section 48-4472 and replenishment pursuant to section 48-4501. See Arizona Laws 48-4401
  • Property: includes both real and personal property. See Arizona Laws 1-215
  • 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. 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.

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