AZ SB1172

Amends Arizona Revised Statutes section 48-806 to limit fire district bond issuance to 120 percent of the district's statutory debt limitation when combined with current outstanding general obligation debt.

Requires bond election notices to include the district's current outstanding general obligation debt amount and statutory debt limitation.

Removes references to "elected chief and secretary-treasurer" authority in bond issuance procedures, consolidating bonding authority with the district board.

Maintains existing provisions for bond election procedures, voter approval requirements, and debt service tax levies for fire districts.

Became effective April 4, 2023.