Arizona Laws 48-5507. Dissolution of district
A. A district that is organized under this chapter may be dissolved by the majority vote of all qualified electors voting on the question of dissolution at a special election called to vote on the question. The district shall not be dissolved if the district has outstanding debt unless adequate provisions have been made for the payment of the outstanding debt.
Terms Used In Arizona Laws 48-5507
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Property: includes both real and personal property. See Arizona Laws 1-215
- Qualified electors: means persons who are qualified to vote pursuant to title 16. See Arizona Laws 48-5501
B. The county board of supervisors shall call the election on either:
1. Application by the district board of directors.
2. Filing a petition signed by twenty-five per cent of the qualified electors of the district.
C. If a district is dissolved, the board of directors shall:
1. Pay or make provision for paying all liabilities of the district.
2. Convey to the county all property, buildings, equipment and other items owned by the district.