Arizona Laws 48-4575. Unlawful interest in real property by board member or employee; violation; classification
Current as of: 2024 | Check for updates
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A. A member of the board or an employee of the district shall not have any direct or indirect financial interest in any real property for water replenishment needs as defined in section 48-4541, paragraph 3 purchased with monies derived from issuing bonds.
Attorney's Note
Under the Arizona Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 2 misdemeanor | up to 4 months | up to $750 |
Terms Used In Arizona Laws 48-4575
- Board: means the board of directors of a groundwater replenishment district. See Arizona Laws 48-4401
- District: means a groundwater replenishment district established under this chapter. See Arizona Laws 48-4401
- member: means a municipality that contains a service area and petitions for the formation of the district or petitions for the expansion of the district pursuant to this title. See Arizona Laws 48-4401
- Person: means an individual, public or private corporation, company, partnership, firm, association, society, estate or trust, any other public organization or enterprise, the United States, any state, territory or country or a governmental entity, political subdivision or municipal corporation organized under or subject to the constitution and laws of this state. See Arizona Laws 48-4401
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
B. A person who violates this section is guilty of a class 2 misdemeanor.