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AZ SB1007

Bill

Official Source

Status

Introduced

1/13/2020

Primary Sponsor

David Farnsworth

Click for details

Origin

Senate

Fifty-fourth Legislature - Second Regular Session (2020)

AI Summary

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

  • Adds new subsection F prohibiting districts established under section 48-4202, subsection B from incurring any new long-term indebtedness beginning September 1, 2020.

  • Renumbers subsequent subsections accordingly (former subsection F becomes G, and former subsection G becomes H).

  • Maintains existing board authority over revenues, reporting requirements, and conflict of interest provisions for multipurpose facility districts.

Legislative Description

Multipurpose facilities districts; debt prohibition

Political Subdivisions

Last Action

Senate read second time

1/14/2020

Full Bill Text

No bill text available