AZ HB2489

Increases the maximum net premium limit for bond issues from 2% to 5% of par value, or $100,000, whichever is greater.

Allows costs incurred in issuing bonds to be paid from net premiums, with remaining premiums deposited in debt service funds to pay interest only.

Modifies bond sale procedures to allow negotiated sales, online bidding processes, and accelerated bidding in addition to traditional public sales.

Extends the same net premium provisions to refunding bonds, allowing up to 5% of par value plus escrow account funding costs and issuance costs.

Applies provisions to school districts, counties, cities, towns, and other municipal corporations issuing bonds under Arizona law.