AZ SB1082

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

Corrects grammatical error by changing "tax anticipations bonds" to "tax anticipation bonds" in subsection A.

Removes language specifying that bonds are payable "from the proceeds of ad valorem taxes levied upon taxable property or" and removes the phrase "or both," leaving only reference to the state's share of excise taxes in subsection B(3).

Maintains existing requirements that bonds be signed by the governor, attested by the director of the department of administration, and countersigned by the state treasurer, with interest rates not exceeding 9 percent per annum.