technical correction; revenue bond authority
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill makes a technical correction to the Arizona Revised Statutes, specifically to section 30-221, which governs the Arizona Power Authority’s ability to issue revenue bonds. It clarifies that the Arizona Power Authority can issue bonds when other financing options are deemed unsuitable or insufficient for acquiring or constructing transmission lines and related infrastructure. The bill ensures the authority retains the flexibility to utilize bonds as a financing tool.
Key provisions
- Authorizes the Arizona Power Authority to issue revenue bonds.
- Allows the authority to issue bonds when other financing methods are inadequate.
- Specifies the types of projects for which bonds can be used (transmission lines, projects, works, and facilities).
Who is affected
- Arizona Power Authority
- ratepayers
Bill text
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Sponsors
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1 on record
Primary sponsor
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