37-526. Central Arizona project municipal and
industrial repayment fund
A. The central Arizona project municipal and industrial repayment fund is
established consisting of:
1. Revenues from the transfer of central Arizona project municipal and industrial
water rights and the sale of central Arizona project municipal and industrial water
pursuant to section 37-106.01.
2. Monies appropriated to the fund by the legislature.
B. Monies in the fund shall be used to make payments charged to this state under
the central Arizona project municipal and industrial water service subcontract among the
United States, the central Arizona water conservation district and this state. Any
monies remaining in the fund after satisfying the subcontract obligations revert to the
state general fund.
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