AZ HB2017

Amends Arizona Revised Statutes section 35-454 to modify bond election informational pamphlet requirements and disclosures.

Requires tax impact information to be presented at both the estimated interest rate based on current market conditions and at the maximum authorized interest rate for owner-occupied residences ($250,000), commercial property ($1,000,000), and agricultural/vacant property ($100,000).

Mandates inclusion of estimated total bond cost in bold-faced type showing both principal and interest at both estimated and maximum interest rates.

Adds requirement for bold-faced disclosure that bond expenditures are governed by general purposes rather than proposed projects, and if applicable, that the combined authorization exceeds the political subdivision's constitutional debt limit.

Requires ballot language in bold-faced type stating "the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds" for general obligation bonds repaid by property tax levy.