AZ HB2161

Amends Arizona Revised Statutes section 35-726 regarding industrial development bonds and project approval requirements.

Lowers the population threshold for corporations exempt from department project approval from seven percent to three percent of total state population for multifamily residential rental projects and healthcare facilities.

Changes corrects bill language from "no" to "not" in provisions specifying maximum principal amounts, terms, and interest rates for approved bond issues.

Maintains existing $10,000 maximum review fee for single-family housing general plans and $5,000 maximum review fee for multifamily and healthcare facility projects, with reimbursement of actual costs.