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Arizona Administrative Code (Last Updated: November 17, 2016) |
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Title 15. REVENUE |
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Chapter 12. DEPARTMENT OF REVENUE PROPERTY TAX OVERSIGHT COMMISSION |
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Article 1. GENERAL PROVISIONS |
Section R15-12-101. Definitions
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Unless the context requires otherwise, the following definitions shall apply:
1. “Excess collections” means the amount collected during the previous fiscal year in excess of the previous fiscal year’s maximum allowable primary property tax levy.
2. “Excess expenditures” means the amount under A.R.S. § 42-17051(C) that is certified by the Auditor General’s office.
3. “Quorum” means a majority of the members of the Com- mission.
Historical Note
Adopted effective September 14, 1990 (Supp. 90-3). Amended by final rulemaking at 6 A.A.R. 4114, effective October 4, 2000 (Supp. 00-4). Amended by final
rulemaking at 12 A.A.R. 1096, effective May 13, 2006
(Supp. 06-1).