AZ HB2135

Extends the maximum maturity period for sanitary district bonds to 40 years and 3 months when the initial purchaser is the United States of America or any federal department, division, or agency (previously capped at 20 years).

Allows bond anticipation notes to be issued to pay estimated engineering fees at any time after adoption of the resolution ordering the improvement, not just after award of a construction contract.

Permits bond anticipation notes issued for engineering fees to be repaid from either improvement bond proceeds or from a tax levy imposed by the district pursuant to section 48-2056, subsection B.

Updates preliminary plan requirements to specify that plans show the location, type, and character of the proposed improvement.

Makes technical corrections to sanitary district code, including replacing "shall" with "may" in certain provisions and updating grammar and terminology throughout sections 48-2021, 48-2045, 48-2065, and 48-2081.