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AZ HB2326

Bill

Official Source

Status

Introduced

5/24/2021

Primary Sponsor

Ben Toma

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • Amends Arizona Revised Statutes section 15-2003 regarding the capital reserve fund administered by the school facilities board.
  • Removes language that previously allowed monies from the capital reserve fund to be appropriated to the deficiencies correction fund established by section 15-2021.
  • Maintains that capital reserve fund monies remain subject to legislative appropriation only for the new school facilities fund established by section 15-2041.
  • The school facilities board continues to administer the fund with investments managed by the state treasurer under section 35-313.

Legislative Description

Technical correction; capital reserve fund

Technical Correction

Last Action

Assigned to House RULES Committee

5/24/2021

Committee Referrals

Rules5/24/2021

Full Bill Text

No bill text available