AZ SB1117

Amends Arizona school finance statutes to require school districts to file adjacent ways projects with the School Facilities Board and include cost estimates before levy of special assessments for public way improvements adjacent to school property.

Requires School Facilities Board validation of adjacent ways projects exceeding $50,000 to ensure compliance with state laws and that the proposal contains no additional work beyond what was submitted.

Adds the adjacent ways fund to the list of funds detailed in school district annual financial reports, requiring disclosure of expenditures including land acquisition costs and cost per square foot information.

Modifies language in school finance provisions to update terminology (changing "upon" to "on," "assure" to "ensure," and clarifying references to itemized statements and expenditure proposals).

Establishes School Facilities Board authority to validate proposed adjacent ways projects as a new duty, ensuring oversight of special assessments levied by school districts for street and intersection improvements near school property.