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AZ HCR2004
Concurrent Resolution
Status
Introduced
6/14/2024
Primary Sponsor
Alexander Kolodin
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AI Summary
- Proposes an amendment to Arizona Constitution Article X, Section 4 regarding state trust lands
- Clarifies that all lands held in trust, along with lease-holds, timber, and other trust land products, must be appraised at true value before being offered for sale or disposal
- Restructures the conditions for sale or disposal into subsections: (B.1) requires consideration at least equal to appraised value with a minimum price floor, and (B.2) prohibits credit sales without ample security
- Changes "shall have been paid" to "has been paid" regarding when legal title passes upon consideration payment
- Directs the Secretary of State to submit the proposition to voters at the next general election
Legislative Description
State trust lands; technical correction
Technical Correction
Last Action
Assigned to House RULES Committee
6/14/2024
Committee Referrals
Rules6/14/2024
Full Bill Text
No bill text available