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AZ SB1280

Bill

Official Source

Status

Introduced

1/27/2020

Primary Sponsor

Javan Mesnard

Click for details

Origin

Senate

Fifty-fourth Legislature - Second Regular Session (2020)

AI Summary

  • Designates a city's, town's, or county's unfunded accrued liability under specific articles of Arizona Revised Statutes (Articles 2, 3, 4, and 6 of Title 38, Chapter 5) as a long-term obligation required by contract.

  • Classifies this unfunded accrued liability as meeting the requirements of Arizona Constitution Article IX, Section 20, Subsection 3, Paragraph (d), Subdivision (i).

  • Applies to public pension systems administered by local jurisdictions in Arizona.

Legislative Description

Pensions; unfunded liability; expenditure limits

Counties

Last Action

Senate FIN Committee action: Do Pass, voting: (5-3-2-0)

1/29/2020

Full Bill Text

No bill text available