Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 37. Public Lands |
Chapter 7. STATE CLAIMS TO STREAMBEDS |
Article 2. Determining Navigability |
Sec 37-1132. Refunds to record title owners
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A. If this state's ownership of a parcel or portion of a parcel of property is confirmed in a quiet title action under this article, the state treasurer shall pay to the record title owner an amount from the state general fund to:
1. Refund all property taxes ever paid on the property.
2. Compensate the person for all improvements to the property.
3. Refund the purchase price paid for the property, plus interest at the legal rate, if the property was purchased from this state by the person or any predecessor in title.
B. The department of administration, in coordination with the department of revenue and the state land department, shall certify to the state treasurer the amounts due to the record title owner pursuant to this section.