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AZ SB1337
Bill
Status
Introduced
2/2/2010
Primary Sponsor
Thayer Verschoor
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AI Summary
- Amends Arizona Revised Statutes Section 35-402 regarding state tax anticipation bonds.
- Removes language requiring "ad valorem and" excise taxes when determining if tax proceeds will be received timely to pay appropriations.
- Allows loan commissioners to issue tax anticipation bonds when excise tax proceeds alone are insufficient to meet cash payment obligations for legislative appropriations.
- Makes technical correction to streamline language regarding which tax revenues trigger bond issuance authority.
Legislative Description
Technical correction; state bonds
Last Action
Referred to Senate RULES Committee
2/3/2010
Full Bill Text
No bill text available