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AZ HB2122

Bill

Status

Engrossed

1/28/2021

Primary Sponsor

Shawnna Bolick

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • Amends Arizona Revised Statutes Section 35-452 regarding authorization of indebtedness by political subdivisions.

  • 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.

  • Requires bond election expenses to be paid exclusively from current operating funds.

  • Clarifies election timing reference to section 16-204, subsection F.

  • 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

Committee Referrals

Rules2/18/2021
Finance1/28/2021
Rules1/20/2021
Ways and Means1/14/2021

Full Bill Text

No bill text available