AZ HB2452

Establishes automatic liens on tax revenues pledged to pay bonds for counties, school districts, political subdivisions, and special districts without requiring recordation or other formal action.

Allows net premium from bond sales to be amortized for debt limitation purposes on a pro rata basis each year based on the percentage of total principal amount maturing in that year.

Requires amounts levied for debt service on bonds payable from secondary property taxes to be considered special revenues, kept in segregated funds, and prohibited from use for any other purpose.

Authorizes online bidding processes for bond sales as an alternative to traditional public sale methods, with bids potentially concealed until a specified time.

Clarifies that refunding bonds issued after August 31, 2016, with sufficient escrow funds eliminate the obligation to levy taxes for payment of refunded bonds.