AZ HB2287

Amends Arizona Revised Statutes Section 35-403 to correct the terminology for tax anticipation bonds by changing "anticipations" to "anticipation."

Removes language requiring bonds to specify whether they are payable "from the proceeds of ad valorem taxes levied upon taxable property or from the state's share of excise taxes, or both," simplifying the recitation requirement.

Maintains existing requirements that tax anticipation bonds be signed by the governor, attested by the department of administration director, and countersigned by the state treasurer.

Preserves the six-month maturity requirement and the nine percent annual interest rate cap for tax anticipation bonds.