48-1039. Powers of a rural road improvement district

197 words·~1 min read·/az/title-48/48-1039

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. In addition to the powers otherwise granted to a district pursuant to this article a district may with respect to the rural road improvements for which the district was established:

1. Enter into contracts and intergovernmental agreements and expend monies for any rural road improvement in the district.

2. Employ staff and consultants or reimburse the county for staff and consultant services and support facilities supplied by the county.

3. Accept gifts, grants or loans for rural road improvements.

4. Pay the financial, legal and administrative costs of the district.

5. Enter into contracts, agreements and trust indentures to obtain credit enhancement or liquidity support for its bonds and process the issuance, registration, transfer and payment of its bonds and the disbursement and investment of proceeds of the bonds.

6. Request the county board of supervisors to exercise the power of eminent domain on behalf of the district over any lands within the district's jurisdiction.

7. Issue bonds.

B. In connection with any power authorized by statute, the district may:

1. Contract.

2. Enter into intergovernmental agreements pursuant to title 11, chapter 7, article 3.

3. Adopt and change a seal.

4. Sue and be sued.