Section 48-6202 - Formation of districtA. The governing bodies of a city with a population of more than five hundred thousand persons and a county with a population of more than one hundred twenty-five thousand persons and in which the city is entirely located or the governing body of a city with a population of more than five hundred thousand persons acting on its own or of a county with a population of more than one hundred twenty-five thousand persons acting on its own may establish a theme park district as provided by this chapter. For the purposes of this subsection, the population shall be determined according to the most recent population estimate data produced by the office of economic opportunity at the time the district is established. If formed by a county in conjunction with a city or by a city acting on its own, the district may include theme park sites in only the city that is participating in establishing the district. The city, if any, and the county, if any, shall establish the geographical boundaries of the district, which shall include only the sites of the theme parks and which shall consist of only contiguous property. If a district is formed by a county acting on its own, the geographic boundaries of the district, which shall include only the sites of the theme parks, shall consist only of contiguous property and shall be located entirely and only in the unincorporated area of the county.B. The district may be established with a single theme park site. Any additional sites may be added after the district is initially established and the geographical boundaries of the district may be revised after it is initially established, except that if formed by a county in conjunction with a city or by a city acting on its own, the district shall continue to consist of only contiguous property in that city. More than one district may be located in a county or a city.C. A theme park district organized pursuant to this article is limited to properties whose owners have consented to being included in the district, including any sites that are added after the district is initially established.D. The district is a corporate and political body and, except as otherwise limited, modified or provided by this chapter, has all of the rights, powers and immunities of municipal corporations.E. The district is considered to be a tax levying public improvement district for the purposes of article XIII, section 7, Constitution of Arizona.F. The district is regarded as performing a governmental function in carrying out the purposes of this chapter. The property acquired, leased or constructed by the district, the activities of the district in maintaining and caring for the property and the monies derived by the district from operating the property are exempt from state and local income and property taxation. A hotel building that is located in a district that is less than twenty acres and contains less than one million square feet of building or other improvements is not exempt from state and local property taxation. At the conclusion of the lease, that hotel building shall be returned to the lessee under the lease with the district and if subject to a ground lease with a tax exempt entity, the hotel building and other improvements are subject to state and local property taxation as possessory improvements on government property as defined in section 42-15301.Amended by L. 2024, ch. 252,s. 1, eff. 9/14/2024.Amended by L. 2021, ch. 298,s. 2, eff. 9/29/2021.Amended by L. 2016, ch. 372,s. 63, eff. 8/5/2016.Amended by L. 2014, ch. 275,s. 1, eff. 7/24/2014.Repealed from and after December 31, 2031, if the board of directors fails to issue bonds pursuant to that article by that date.