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AZ HB2506

Bill

Official Source

Status

Introduced

5/5/2016

Primary Sponsor

Heather Carter

Click for details

Origin

House of Representatives

Fifty-second Legislature - Second Regular Session (2016)

AI Summary

  • Amends Arizona Revised Statutes section 35-402 regarding issuance of state tax anticipation bonds
  • Removes the reference to "ad valorem and" from the statute, leaving only "excise taxes" as the type of taxes that can be anticipated for bond issuance
  • Allows state loan commissioners to issue tax anticipation bonds when appropriated expenses will not be covered in time by tax revenue collection
  • Makes a technical correction to clarify the language around which types of taxes may be used for anticipatory bonding purposes

Legislative Description

State bonds; technical correction

Last Action

Introduced in House and read first time

5/5/2016

Full Bill Text

No bill text available