AZ HB2384

Amends Arizona Revised Statutes sections 48-705 and 48-707 regarding community facilities districts formation and elections.

Changes "comprised" to "composed" in district board governance language and clarifies that appointed directors must be selected from a list of at least ten persons submitted by property owners in the district.

Increases maximum bond term from twenty-five years to thirty years for bond elections and allows bond election questions to include authorization for ad valorem tax levies to pay debt service with optional tax limitations.

Adds exception language stating that certain waiver provisions do not apply to districts formed pursuant to section 48-726, with multiple instances clarifying this exemption throughout the statute.

Corrects reference date language from "the effective date of this amendment" to the specific date "September 21, 2006" for county island district formation requirements.