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AZ HB2427

Bill

Status

Introduced

1/12/2012

Primary Sponsor

David Stevens

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Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

AI Summary

  • Amends Arizona Revised Statutes Section 35-403 regarding the form and contents of tax anticipation bonds.

  • Corrects the term "tax anticipations bonds" to "tax anticipation bonds" in subsection A.

  • 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.

  • 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