48-3703. Purposes for which district may be organized

If three or more counties petition for the formation of a district, a district may be formed for the following purposes:

1. To levy an ad valorem tax of not to exceed ten cents per one hundred dollars of assessed valuation against all taxable property within the boundaries of such counties in order to pay administrative costs and expenses of the district and to assist in repayment of central Arizona project costs undertaken to be repaid by the district to the United States in accordance with the terms of contractual obligations of the district and to authorize payment of the tax so collected to the United States as a contribution to the discharge of such contractual obligations.

2. To contract with the secretary for the repayment of the cost and for the delivery of water supply in accordance with the provisions of PL 90-537, and to subcontract for such water supply.

48-3703. Purposes for which district may be organized

If three or more counties petition for the formation of a district, a district may be formed for the following purposes:

1. To levy an ad valorem tax of not to exceed ten cents per one hundred dollars of assessed valuation against all taxable property within the boundaries of such counties in order to pay administrative costs and expenses of the district and to assist in repayment of central Arizona project costs undertaken to be repaid by the district to the United States in accordance with the terms of contractual obligations of the district and to authorize payment of the tax so collected to the United States as a contribution to the discharge of such contractual obligations.

2. To contract with the secretary for the repayment of the cost and for the delivery of water supply in accordance with the provisions of PL 90-537, and to subcontract for such water supply.