A. The authority is a corporate and political body that may act in its official corporate name and shall have all of the rights and immunities of municipal corporations that are granted by the constitution and statutes of this state, including immunity of its property from taxation.

Terms Used In Arizona Laws 45-2204

  • Authority: means a water authority established under this chapter. See Arizona Laws 45-2201
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • including: means not limited to and is not a term of exclusion. See Arizona Laws 1-215
  • Property: includes both real and personal property. See Arizona Laws 1-215

B. The authority is not a public service corporation subject to regulation by the Arizona corporation commission.

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