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AZ HB2427
Bill
Status
Introduced
1/12/2012
Primary Sponsor
David Stevens
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AI Summary
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Amends Arizona Revised Statutes Section 35-403 regarding the form and contents of tax anticipation bonds.
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Corrects the term "tax anticipations bonds" to "tax anticipation bonds" in subsection A.
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Removes language requiring bonds to specify whether they are payable from ad valorem taxes, excise taxes, or both, and instead requires only that bonds state they are payable from the state's share of excise taxes.
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Makes technical corrections to bond language requirements while maintaining the requirement that bonds be signed by the governor, attested by the director of administration, and countersigned by the state treasurer.
Legislative Description
Tax anticipation bonds; technical correction
Last Action
Introduced
1/12/2012
Full Bill Text
No bill text available