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AZ HB2320
Bill
Status
Engrossed
2/24/2026
Primary Sponsor
Matt Gress
Click for details
AI Summary
- Requires school districts to hire an independent municipal advisor registered with the SEC before calling a bond election
- The municipal advisor must advise the governing board on the bond election and, if approved, on each subsequent bond issue
- Municipal advisors must assist with bond repayment structure, obtaining ratings, hiring other professionals, and preparing required informational pamphlets
- Municipal advisors are required to act in the best interests of the school district
- Prohibits the municipal advisor from purchasing or underwriting any bond issue for which they served as advisor, preventing conflicts of interest
Legislative Description
School districts; bonds; financial advisors
School Districts
Last Action
Senate read second time
3/9/2026
Committee Referrals
Rules3/5/2026
Finance2/24/2026
Rules1/20/2026
Education1/20/2026
Full Bill Text
No bill text available