AZ HB2274

Allows Indian tribes to form separate legal entities with cities, towns, counties, and special taxing districts through intergovernmental agreements for joint exercise of powers.

Grants separate legal entities the authority to issue revenue bonds payable solely from undertaking revenues, with bonds exempt from state and local taxation.

Establishes that separate legal entities are political subdivisions of Arizona with governmental and proprietary powers common to all contracting parties, including tax-exempt property immunity.

Permits entities to engage in electric generation and transmission activities but prohibits electric distribution activities.

Subjects formed entities to Title 40, chapter 2, article 6.2 and Title 48, chapter 1, article 8 regarding property ownership.