AZ HB2264

Creates Article 7 in Title 35, Chapter 5 of Arizona Revised Statutes, establishing a framework for Industrial Development Authorities to issue "jobs bonds" for financing commercial enterprises and veteran-owned small businesses.

Authorizes corporations to issue revenue bonds, loans, leases, and other debt instruments to finance jobs projects that create full-time private sector employment (minimum 35 hours per week) in Arizona for at least one employee.

Establishes that jobs bonds are special obligations of the issuing corporation only, with no liability to municipalities, counties, or the state, and cannot pledge public credit or taxing power.

Requires applicants to document job creation through employee tax records, comprehensive business plans with hiring projections, or approval for employment-related incentive programs including the healthy forest enterprise incentives, Arizona job training program, or Arizona competes fund.

Sets 30-day statute of limitations for challenging the validity of jobs bonds after the resolution's effective date, after which the bonds' legality is conclusively presumed.