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AZ SB1630

Bill

Official Source

Status

Introduced

2/2/2023

Primary Sponsor

Sally Gonzales

Click for details

Origin

Senate

Fifty-sixth Legislature - First Regular Session (2023)

AI Summary

  • Amends Arizona Revised Statutes Section 5-832 to clarify language regarding the tourism and sports authority's general fund management.

  • Modifies provisions about fund insufficiency to specify that liquid assets in "any account or subaccount" must be monitored, not just the overall fund.

  • Requires the board to direct the treasurer to liquidate securities if assets in any account or subaccount become insufficient to meet statutory obligations.

  • Updates language to clarify that the auditor general must investigate and report on depletion of the fund, account, or subaccount to the board.

Legislative Description

Tourism; sports authority; technical correction

Technical Correction

Last Action

Senate read second time

2/9/2023

Committee Referrals

Rules2/2/2023

Full Bill Text

No bill text available