Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 18. DRAINAGE AND FLOOD PROTECTION DISTRICTS |
Article 5. Financial Provisions |
Sec 48-2717. Exemption from taxation of bonds and certain property of district
Latest version.
-
The rights of way, ditches, drains, conduits, flumes, pipe-lines, dams, reservoirs, pumping-plants, water and other property of like character belonging to any drainage district, as well as the bonds or other evidences of indebtedness of the district, shall not be taxed for state, county or municipal purposes.