SB 1411 Summary

• Amends Section 48-4203 of Arizona Revised Statutes regarding powers and duties of county stadium district boards of directors.

• Requires county stadium districts formed after the effective date of this amendment to transfer 10% of quarterly revenues to school districts located within the county stadium district.

• School district allocations must be distributed on the 15th day after each calendar quarter based on each school district's percentage of total county assessed valuation.

• Directors, officers, and employees of stadium districts remain subject to Arizona's conflict of interest laws.

• State and other political subdivisions are not liable for any financial obligations of the stadium district.