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AZ SB1031
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Thomas Shope
Click for details
AI Summary
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Amends Arizona Revised Statutes section 48-633 regarding municipal investment bonds and bond election procedures.
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Corrects publication requirement reference from section 39-121 to section 39-204 for bond election resolutions.
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Adds a comma after "accepted bid" in provisions describing bond interest rates and payment terms.
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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