HB 2506 Summary

• Amends Arizona law to allow county island fire districts formed under A.R.S. § 48-851 to receive fire insurance premium tax distributions and transfer those funds to their fire service providers.

• Prohibits county island fire districts from ordering bond elections or issuing bonds under standard procedures, except for bonds specifically for fire hydrant installation plans.

• Authorizes county island fire districts to borrow up to $25,000 from other fire districts, county agencies, or other sources to provide initial funding until revenues can be collected.

• Allows county island fire districts to negotiate fire hydrant installation plans with municipal providers and issue bonds to finance hydrant construction and related infrastructure.

• Clarifies that county island fire district records are subject to public records law and establishes that property annexation after district formation does not terminate taxes or assessments against district property.