Impact Of Termination Or Recoupment

*this information for Model City Tax Code purposes only

MCTClogo.png

(a) In the event that the AHCCCS refunds all or part of any transfers made to it pursuant to Section ___-725(b), the city shall return to the participating hospitals, within 15 days of return of the funds from AHCCCS , their pro rata share of the returned funds based on ATC Tax amounts paid under Section ___-710.

(b) In event that the ATC Tax terminates under Section ___-740, the tax collector shall refund to each participating hospital within 15 days of termination the pro rata portion of any monies remaining in the fund that have not been spent or irrevocably allocated for their designated purposes.