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AZ HB2122
Bill
Status
1/28/2021
Primary Sponsor
Shawnna Bolick
Click for details
AI Summary
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Amends Arizona Revised Statutes Section 35-452 regarding authorization of indebtedness by political subdivisions.
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Removes requirement that bond counsel fees, financial advisory fees, printing costs, and paying agent/registrar fees must be paid from current operating funds; allows these costs to be paid from either authorized bond amounts or current operating funds.
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Requires bond election expenses to be paid exclusively from current operating funds.
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Clarifies election timing reference to section 16-204, subsection F.
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Makes technical corrections to statutory language regarding petition requirements and indebtedness authorization procedures.
Legislative Description
Bonds; financial advisory fees
Bonds
Last Action
Senate FIN Committee action: Do Pass, voting: (5-4-1-0)
3/10/2021