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AZ SB1492

Bill

Official Source

Status

Failed

2/15/2018

Primary Sponsor

Gail Griffin

Click for details

Origin

Senate

Fifty-third Legislature - Second Regular Session (2018)

AI Summary

  • Requires local governments receiving federal payments in lieu of taxes to distribute those funds to school districts where the nontaxable federal lands generating the payments are located.

  • Each school district receiving such payments must establish a "payments in lieu of taxes fund" to hold and manage the distributed monies.

  • Permits school districts to use payments in lieu of taxes fund monies for any purpose authorized under Arizona's education statutes (Title 15).

  • Amends Arizona Revised Statutes Title 15, Chapter 9, Article 1 by adding Section 15-917.

Legislative Description

Payments in lieu of taxes

School Finance

Last Action

Senate ED Committee action: Held, voting: (0-0-0-0)

2/15/2018

Full Bill Text

No bill text available