REFERENCE TITLE: expenditure limit; penalty waiver; Miami

State of Arizona Senate Fiftieth Legislature Second Regular Session 2012

SB 1440

Introduced by Senator Allen

 

AN ACT

 

relating to municipal expenditure limitations.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Town of Miami; waiver of penalties for exceeding expenditure limitation

The penalties prescribed by section 41-1279.07, subsections G and H, Arizona Revised Statutes, are waived for excess expenditures of local revenues by the town of Miami for fiscal years 2008-2009, 2009-2010, 2010‑2011 and 2011-2012.

Sec. 2.  Retroactivity

This act is effective retroactively to from and after June 30, 2008.