AZ HB2501

Allows ten percent of qualified electors in any county within a multi-county community college district to petition for that county's removal from the district.

Removal election procedures follow the same rules as district formation under section 15-1404, requiring approval by a majority of qualified electors in the petitioning county.

District board and removed county's board of supervisors must prepare asset and liability statements by September 15 of the removal year and divide all assets accordingly.

Removed county property remains subject to taxes to pay any unpaid district indebtedness incurred while the county was part of the district, including general obligation bonds and proportional shares of other obligations based on net assessed valuation.

Removed county may deposit sufficient funds with a trustee or escrow agent to cover future debt payments and is permitted to sell transferred district assets to fund this obligation, eliminating the need for continued property tax levies.