AZ HB2065

Amends Arizona Revised Statutes Section 35-511 to make technical corrections to the definitions section relating to bonds and federal income tax considerations.

Changes "agriculture improvement district" to "agricultural improvement district" for grammatical accuracy in the definition of "political subdivision."

Replaces "which" with "and that" in the definition of "political subdivision" to clarify the legal language describing entities created by state law with bond-issuing power.

Defines "rebate" as payment to the federal government required by Congressional law in exchange for maintaining federal income tax exemptions on bond interest income.

Defines "treasurer" as the treasurer, finance director, or equivalent officer of the state or any political subdivision.