AZ HB2489

Adds Article 6 to Title 35, Chapter 5 of Arizona Revised Statutes to establish a student loan bond program framework.

Authorizes industrial development authorities (corporations) to issue revenue bonds to finance student loans for eligible students and parents attending qualified educational institutions.

Defines eligible participants including educational institutions, eligible lenders, eligible students (Arizona residents or students at Arizona institutions), and parents, with specific criteria for each category.

Requires corporations to submit a plan for state program representative (governor or designee) approval before issuing student loan bonds, with automatic approval if not disapproved within 45 days of submission.

Grants corporations authority to originate, purchase, acquire, and service student loans; enter into contracts with educational institutions and lenders; and establish guidelines for program participation.