A.R.S. § 48-7044: Annual report; bond report

A. Not later than one hundred eighty days after the end of each fiscal year, the district shall submit to the authority an annual report containing:

1. The current year's adopted budget for the district and the two most recent prior years' adopted budgets.

2. A schedule of all ad valorem taxes, assessments, fees and charges imposed by the district for the current fiscal year.

3. A description of all outstanding bonds and other long-term obligations of the district, including the original principal amount, current principal balance, if reasonably available, maximum authorized principal, final maturity date and a general description of the revenue sources pledged for repayment.

4. The maximum authorized tax rate, the maximum authorized aggregate principal amount of general obligation bonds, the maximum aggregate assessment amount and the maximum O/M tax rate.

5. The names, official titles and contact information for the board, the clerk and the treasurer.

6. A brief description of the public infrastructure the district has acquired or constructed.

7. The number of residential housing units constructed within the district.

B. Not later than thirty days after the issuance of any bonds, the district shall submit to the authority a bond issuance report containing:

1. The final offering document, if any, pursuant to which the bonds were sold.

2. A debt service schedule for the bonds.

3. A description of the public infrastructure financed with the proceeds of the bonds.

4. If the bonds are general obligation bonds, a projection of the ad valorem tax rate that is required to support debt service on the bonds and that does not exceed the maximum authorized tax rate.

5. If the bonds are assessment bonds, the maximum aggregate assessment and the maximum per-lot assessment levied in connection with the bonds.

6. A description of all outstanding bonds and other long-term obligations of the district, including the original principal amount, current principal balance, if reasonably available, maximum authorized principal, final maturity date and a general description of the revenue sources pledged for repayment.