Bill Text: AZ SB1026 | 2013 | Fifty-first Legislature 1st Regular | Introduced


Bill Title: School bonds; technical correction

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-01-15 - Referred to Senate RULES Committee [SB1026 Detail]

Download: Arizona-2013-SB1026-Introduced.html

 

 

PREFILED    JAN 07 2013

REFERENCE TITLE: school bonds; technical correction

 

 

 

State of Arizona

Senate

Fifty‑first Legislature

First Regular Session

2013

 

 

SB 1026

 

Introduced by

Senator Barto

 

 

AN ACT

 

amending section 35-451.01, arizona revised statutes; relating to common school and high school bonds.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 



Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 35-451.01, Arizona Revised Statutes, is amended to read:

START_STATUTE35-451.01.  Power to use outstanding bond authorizations of common or high school districts

A.  All outstanding authorizations permitting the issuance of bonds, as provided in this article, or the incurring of debt by a common school district or a high school district at the time either such district becomes part of a unified school district, shall remain in full force and effect.  The unified school district shall be vested with all powers to act for and on behalf of such common school district or high school district to issue the bonds for the purposes for which such authorizations were granted.  The school district governing board may submit the bonds for approval by the attorney general.

B.  The bonds shall be issued pursuant to the provisions of this article, except that the effect of the bonds issued pursuant to this section shall be the same as if the questions pertaining to the issuance of the bonds had been submitted to and approved by the electors of the unified district after its formation.

C.  The provisions of This section shall not be construed as authorizing indebtedness in excess of the percentage limitation as prescribed for a unified school district in article IX, section 8.1, Constitution of Arizona. END_STATUTE

feedback