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AZ SB1031

Bill

Status

Introduced

1/9/2024

Primary Sponsor

Thomas Shope

Click for details

Origin

Senate

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends Arizona Revised Statutes section 48-633 regarding municipal investment bonds and bond election procedures.

  • Corrects publication requirement reference from section 39-121 to section 39-204 for bond election resolutions.

  • Adds a comma after "accepted bid" in provisions describing bond interest rates and payment terms.

  • Maintains existing requirements that bonds be authorized by majority vote of qualified voters and payable over 10-20 years with interest rates not exceeding the maximum set in the election resolution.

Legislative Description

Technical correction; bond election

Technical Correction

Last Action

Senate read second time

1/10/2024

Committee Referrals

Rules1/9/2024

Full Bill Text

No bill text available