AZ HB2386

Modifies special taxing district election requirements by allowing them to hold elections on dates prescribed by section 16-204 (the consolidated election dates for political subdivisions) rather than being fully subject to those consolidated election requirements.

Repeals section 35-505 of Arizona Revised Statutes and adds new provisions requiring public bonds to only be issued by entities with elected governing bodies, with appointed members filling vacancies still qualifying as "elected."

Requires public bonds issued by special taxing districts established after June 30, 2014 to be included in the aggregate indebtedness calculations of counties, cities, or towns that contain portions of those districts.

Modifies expenditure limitation reporting requirements for counties, community college districts, cities, and towns to include expenditures and revenues from special taxing districts established after June 30, 2014 within their reports to the Auditor General.