AZ HB2136

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

Changes the population threshold for counties and municipalities exempt from department approval of multifamily residential rental projects from "seven percent" to "three percent" of total state population.

Reduces the maximum review fee charged by departments for project approval requests from $5,000 to $5,000 (maintains existing fee cap).

Makes technical corrections to statutory language, including replacing "no" with "not" in bond principal amount provisions and clarifying fee language.