AZ SB1463

Amends Arizona Revised Statutes section 42-18153 to restore higher interest rates for real property tax lien redemptions in counties with established elderly assistance funds.

Requires interest rates on redeemed tax liens to be prescribed by section 42-18053 instead of rates stated on the certificate of purchase in counties with elderly assistance funds.

Mandates county treasurers deposit the difference between the higher prescribed interest rate and the certificate interest rate into the elderly assistance fund after each tax lien redemption.

Repeals Laws 2015, chapter 324, section 2, which had previously modified the elderly assistance fund provisions.