HB 2772 Summary

• Establishes the Arizona Tea Party Committee consisting of 13 members appointed by the president of the senate, speaker of the house, and governor to represent organizations promoting tea party principles of fiscal responsibility, limited government, and free markets.

• Modifies the "Don't Tread on Me" special plates fund to be administered by the state treasurer for debt payments rather than distributed by the tea party committee to qualifying entities.

• Directs fund monies toward payments of certificates of participation, lease-purchase agreements, revenue bonds, and other state obligations related to capital assets and operating costs.

• Removes previous grant program provisions that would have distributed funds to organizations promoting tea party governing principles and replaces them with debt service payments.

• Repeals reporting and grant administration requirements previously assigned to the Arizona Tea Party Committee for distributing special license plate revenue.