AZ HB2546

Amends Section 35-511, Arizona Revised Statutes, which provides definitions for bond-related provisions and federal income tax considerations.

Corrects the definition of "political subdivision" by changing "agriculture improvement district" to "agricultural improvement district" for proper grammar.

Replaces the pronoun "which" with "and that" in the definition of political subdivision to improve grammatical clarity and accuracy.

Updates the definition to clarify that a political subdivision "is created by a law of this state" rather than using the previous phrasing.

Makes technical corrections to ensure proper terminology and language in statutes governing bonds issued by Arizona state entities and political subdivisions.