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AZ HB2421
Bill
Status
Introduced
2/12/2014
Primary Sponsor
David Stevens
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AI Summary
- Amends Arizona Revised Statutes Section 35-494 to clarify that contracts for employing registrars and paying agents constitute long-term obligations under the Arizona Constitution.
- Makes a technical correction by adding the word "for" to the statutory language regarding bond contract obligations.
- Applies constitutional provisions in Article IX, Sections 18 and 19 of the Arizona Constitution to these types of contracts.
Legislative Description
Bond contracts; technical correction
Last Action
Referred to House RULES Committee
2/13/2014
Full Bill Text
No bill text available