AZ HB2694

Allows a county with population between 125,000-150,000 and a city within that county with population between 3,000-5,000 to establish a theme park district in any combination that includes the county, in addition to the existing provision for a city with over one million population.

Permits theme park districts to be established with a single theme park site, with the ability to add additional sites and revise geographical boundaries after initial establishment.

Removes the requirement that bonds be "insured" revenue bonds, allowing the district to issue negotiable revenue bonds for theme park purposes.

Maintains the existing cap of one billion dollars in outstanding principal amount for bonds (excluding refunding bonds) and requires private nongovernmental financial participation commitments equal to at least 20 percent of the bond issue principal amount.

Extends the deadline for the board to issue bonds under these provisions to December 31, 2020, or the authority to issue bonds expires.