SB 1474 Summary

• Creates community engagement districts as new special taxing districts in Arizona cities with university athletic facilities districts, limited to 30 acres and requiring petition by property owners.

• Establishes a nine-member board of directors including the governor, senate president, house speaker, three city appointees, and three Arizona Board of Regents appointees to oversee construction and operation of multipurpose public facilities.

• Allocates 50% of state transaction privilege tax revenues from the district to fund public facility construction and operations, capped at the district's documented financial commitments and debt service obligations.

• Authorizes the district to levy an excise tax of up to 2% on business activity in the district and to enter into development agreements with cities and other parties for financing and operating public facilities.

• Requires triennial performance audits by the auditor general or independent auditor and mandates the board report annually to the governor and legislature on district activities, revenues, and expenditures.