AZ SB1760

Authorizes the Arizona State Schools for the Deaf and Blind (ASDB) board to acquire property, secure third-party financing, borrow money, and enter into lease-purchase agreements for capital improvements, subject to Joint Committee on Capital Review oversight.

Establishes a capital improvement and school facilities fund for ASDB consisting of property sale proceeds, gifts, grants, and donations to fund lease-purchase payments, new construction, maintenance, repairs, and renovations.

Caps total lease-purchase agreements at $16,000,000, with limits of $8,000,000 in fiscal year 2026-2027 and $8,000,000 in fiscal year 2027-2028.

Prohibits lease-purchase agreements from obligating state general fund monies or any additional state funds beyond the authorized amounts.

Requires financing terms not to exceed 40 years or the useful life of the capital improvement, whichever is shorter.