Bill Text: AZ HB2281 | 2024 | Fifty-sixth Legislature 2nd Regular | Engrossed
Bill Title: Solar royalties fund; county residents
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced) 2024-02-29 - House additional Committee of the Whole action: Do Pass Amended [HB2281 Detail]
Download: Arizona-2024-HB2281-Engrossed.html
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House Engrossed
solar royalties fund; county residents |
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State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
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HOUSE BILL 2281 |
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An Act
amending title 11, chapter 2, article 4, Arizona Revised Statutes, by adding section 11-269.29; relating to county boards of supervisors.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 11, chapter 2, article 4, Arizona Revised Statutes, is amended by adding section 11-269.29, to read:
11-269.29. County resident solar royalties fund; definition
A. A county resident solar royalties fund shall be established by the board of supervisors in each county to be administered by the county treasurer. the fund will be funded by each owner or operator of a solar panel in that county that meets all of the following:
1. The solar panel is located in the relevant county.
2. The solar panel is not any of the following:
(a) Owned by an eligible entity.
(b) subject wholly to an exclusive power purchase agreement with an eligible entity.
B. If a solar panel is a part of a solar facility in which only a portion of the output of the solar facility is subject to a power purchase agreement with an eligible entity, the owner or operator of the solar panel shall calculate the number of solar panels that are subject wholly to an exclusive power purchase agreement for the purposes of subsection a of this section by:
1. Dividing the output of the solar facility subject to a power purchase agreement with an eligible entity by the total output of the solar facility.
2. Multiplying the quotient as determined pursuant to paragraph 1 of this subsection by the total number of solar panels in the solar facility.
c. The owner or operator of a solar panel that meets the requirements of subsection a of this section shall pay the county in which the solar panel is located twelve and one-half percent of every $1.00 that the owner or operator receives in revenues from the sale of kilowatt-hours from the solar panel. the county shall deposit these monies in the fund established pursuant to subsection a of this section.
d. On the first of each month, the county treasurer shall determine the total amount of monies in the fund and the total number of qualified indiVIDUALS who live in the county. The county treasurer shall use monies in the fund for the administrative costs of this section, except the administrative costs may not exceed ten percent of the monies in the fund. after administrative costs of the fund are paid, tHE COUNTY TREASURER SHALL pay TO EACH QUALIFIED resident of the county an equal distribution of the total amount of monies available in the fund. The payment shall be made by check.
e. This section does not apply to a solar panel that meets any of the following:
1. produces power for only on-site use by a commercial or industrial user.
2. does not export power to the grid.
3. is a rooftop solaR system, regardless of whether the system exports power to the grid.
F. For the purposes of this section, "eligible entity" means any of the following:
1. A public service corporation that is regulated by the corporation commission.
2. a public power entity that has service territory located in this state.
3. A political subdivision of this state that operates a federal reclamation project.
