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AZ HB2456

Bill

Status

Passed

4/5/2018

Primary Sponsor

Mark Finchem

Click for details

Origin

House of Representatives

Fifty-third Legislature - Second Regular Session (2018)

AI Summary

  • Extends the deadline for multipurpose facility revenue distributions from county stadium districts from July 1, 2025 to July 1, 2035.

  • Changes the termination condition for revenue payments from "earlier" to "later" of the deadline date or when all authorized debt service payments are completed.

  • Allows county stadium districts established by two or more municipalities to dispose of real property upon termination, with proceeds from sales directed to the state treasurer for the public safety personnel retirement fund.

  • Updates references in statutes from "funds" to "monies" and from "which" to "that" for technical language corrections.

  • Requires district boards to present projects exceeding $500,000 to the joint legislative committee on capital review, and establishes notice and disclosure requirements for board members regarding planned expenditures of $500,000 or more.

Legislative Description

Stadium district; extension; Rio Nuevo

Boards, Commissions And Committees -- Current

Last Action

Chapter 138

4/5/2018

Full Bill Text

No bill text available