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AZ HB2353

Bill

Status

Engrossed

2/27/2020

Primary Sponsor

Ben Toma

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - Second Regular Session (2020)

AI Summary

  • Amends Arizona Revised Statutes § 35-452 regarding authorization of indebtedness through elections.

  • Removes requirement that bond counsel fees and financial advisory fees can be paid from authorized bond amounts, allowing them to be paid only from current operating funds or the authorized amount.

  • Clarifies that bond election expenses must be paid exclusively from current operating funds, not from bond proceeds.

  • Updates statutory cross-reference from section 16-204, subsection B, paragraph 1, subdivision (d) to subsection F for election timing provisions.

Legislative Description

Bonds; counsel; financial advisor; fees

Education - Title 15

Last Action

Senate FIN Committee action: Do Pass, voting: (7-1-2-0)

3/11/2020

Full Bill Text

No bill text available