The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 1st Regular Session, which convenes in January 2021.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. An owner whose application for proportional registration is accepted shall preserve the records on which the application is based for four years following the year or period on which the application is based. On request of the director, the owner shall either:
1. Make records available to the director at the director's office for audit as to the accuracy of computations and payments and the assessment of deficiencies or allowances for credit.
2. Pay the costs of an audit by the department at the applicant's home office.
B. The director may enter into agreements with agencies of other jurisdictions administering motor vehicle registration laws for joint audits of an owner whose application for proportional registration has been accepted.
C. The department shall not make an assessment for deficiency or a claim for credit for a period for which records are not required. Amounts that are found to be due and owing on audit bear interest of twelve per cent from the date they should have been paid until the date of actual payment. If the audit discloses a deliberate and wilful intent to evade the requirements of payment under section 28-2233, the department shall also assess an additional penalty of ten per cent of the amounts found to be due and owing on audit.