Bill Text: AZ HB2223 | 2014 | Fifty-first Legislature 2nd Regular | Engrossed
Bill Title: Water infrastructure finance authority; continuation
Spectrum: Slight Partisan Bill (Republican 12-6)
Status: (Engrossed - Dead) 2014-04-21 - Senate Committee of the Whole action: Retained [HB2223 Detail]
Download: Arizona-2014-HB2223-Engrossed.html
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House Engrossed |
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State of Arizona House of Representatives Fifty-first Legislature Second Regular Session 2014
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HOUSE BILL 2223 |
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AN ACT
repealing section 41-3014.06, Arizona Revised Statutes; amending title 41, chapter 27, article 2, Arizona Revised Statutes, by adding section 41‑3022.13; relating to the water infrastructure finance authority.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Repeal
Section 41-3014.06, Arizona Revised Statutes, is repealed.
Sec. 2. Title 41, chapter 27, article 2, Arizona Revised Statutes, is amended by adding section 41-3022.13, to read:
41-3022.13. Water infrastructure finance authority; termination July 1, 2022
A. The water infrastructure finance authority terminates on July 1, 2022.
B. Title 49, chapter 8, articles 1 and 3 and sections 49-1224, 49‑1225, 49-1226, 49-1244, 49-1245, 49-1246, 49‑1261, 49‑1262, 49‑1263, 49‑1264, 49‑1265, 49‑1266, 49‑1267, 49‑1268 and 49-1269 are repealed on January 1, 2023, if the authority:
1. Has no outstanding contractual obligations with the United States or any United States agency.
2. Has no debts, obligations or guarantees that were issued for the purposes of title 49, chapter 8.
3. Has otherwise provided for paying or retiring such debts or obligations.
C. If any debt or obligation listed in subsection B of this section exists and no satisfactory provision has been made to pay or retire the debt or obligation, the authority and statutes continue in existence until the debt or obligation is fully satisfied.
Sec. 3. Purpose
Pursuant to section 41-2955, subsection B, Arizona Revised Statutes, the legislature continues the water infrastructure finance authority to provide a source of financing and technical assistance for capital projects for water treatment and water supply development, including applying for and acquiring any federal financial assistance that is available and to enhance security for authority financial and technical assistance.
Sec. 4. Retroactivity
Sections 1 and 2 of this act are effective retroactively to July 1, 2014.
