AZ SB1718

Reduces director-discretionary allocation from 30% to 25% of state ceiling for private activity bonds.

Increases qualified residential rental project allocation from 15% to 40% and decreases qualified mortgage revenue bonds allocation from 35% to 30%.

Eliminates separate 5% allocation category for qualified student loan projects by removing subsection E.

Establishes temporary allocation restrictions from March 31 through July 31 each year until July 31, 2030, limiting confirmations for mortgage revenue bond projects to $35,000,000 and reserving 60% of remaining ceiling for mortgage and residential rental projects.

Modifies confirmation procedures to require business day receipt for mail filings, allow email submission, permit carryforward reallocation within same purpose, and clarify expiration and extension provisions.