Arizona Laws 48-931. Proportionate assessment; collection or issuance of bonds
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The board of directors may, upon completion of any portion of the improvement for which the contract price equals twenty thousand dollars or more, order the superintendent to make an assessment for the proportionate part of the contract completed, and thereon proceedings and rights of collection of such proportionate amount shall be had as provided by this article. If the resolution of intention for the improvement provides for the issuance of improvement bonds, they shall be issued and delivered to the contractor for the proportionate amount of the contract price so assessed.
Terms Used In Arizona Laws 48-931
- Contract: A legal written agreement that becomes binding when signed.
- Contractor: includes personal representatives or assignee of the contractor. See Arizona Laws 48-901
- improvement: includes any of the improvements mentioned and authorized to be made in this article, the construction, reconstruction and repair of all or any portion of any such improvement, and labor, services, expenses and material necessary or incidental thereto. See Arizona Laws 48-901
- superintendent: means a county employee designated by the board of supervisors to perform the duties of street superintendent for all the districts organized under this article in any county. See Arizona Laws 48-901