university infrastructure capital financing; appropriations
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SB 1532 — university infrastructure capital financing; appropriations
Last action — senate second reading
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 53rd Legislature - 1st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
61 added · 49 removedPlain-language change summary
The amendments to SB 1532 clarify the financial obligations of universities regarding their contributions to the state general fund. It specifies that each university must deposit a certain amount by October 1st based on income from research and technology, and it caps the total annual deposits that all universities can make combined. This is important because it establishes a consistent reporting requirement and ensures that no single university can contribute more than their fair share, helping to maintain budget balance and accountability across the state's higher education institutions.
SB1532 - 531R - IS Ver REFERENCESenate TITLE:Engrossed State of Arizona Senate Fifty-third Legislature First Regular Session SENATE BILL 1532 AN ACT Amending section 15-1670, Arizona Revised Statutes;
university infrastructure capital financing;
appropriations State of Arizona Senate Fifty-third Legislature First Regular Session SB 1532 Introduced by Senators Yarbrough:
Griffin, Lesko, Yee (with permission of Committee on Rules) AN ACT Amending section 15-1670, Arizona Revised Statutes;
F. The universitiesArizona board of regents shall not issue total debt financing for which debt service is paid with monies pursuant to this section in a principal amount of more than one billion dollars.
H. Before any expenditure of monies in the capital infrastructure fund for any capital project not paid with debt financing, each university shall submit the scope, purpose and estimated cost of the capitalproject improvements for review by the joint committee on capital review pursuant to section 41-1252. 41‑1252. I. Before any expenditure of monies in the capital infrastructure fund for any capital project paid with debt financing, each university shall submit the scope, purpose and estimated cost of the project to the joint committee on capital review pursuant to section 15‑1682.01 or 15‑1683. The project may not proceed until the committee approves the project by a majority vote of a quorum of members.
L. ForL. The Arizona board of regents, on behalf of each university under its jurisdiction, may refund any debt financing paid with monies pursuant to this section. The refunding debt financing must be secured from the purposessame source of revenues as the debt financing authorized by this section:section. The refunding debt financing may be issued at or before maturity of the debt financing being refunded. Refunding debt financing issued as provided by this subsection:
1. Must be submitted by the board for review by the joint committee on capital review. The committee must hear and review a refunding debt financing submitted pursuant to this subsection not later than the committee's second meeting after the refunding debt financing is submitted to the committee.
2. Is not subject to the one billion dollar limitation prescribed by subsection F of this section.
M. For the purposes of this section:
View plain text versions (2)
- Engrossed Senate Engrossed Version Current html
- Introduced Introduced Version html
Action History
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senate second reading
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senate first reading
Sponsors
- Kimberly Yee · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 92 not signed on
Sponsors (0)
None.
Co-sponsors (1)
Not signed on (92)
92 members have not signed on to this bill.
Show all 92 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 1532?
- SB 1532 is sponsored by Kimberly Yee.
- What is the current status of SB 1532?
- This bill died with 53rd Legislature - 1st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 1532?
- Track SB 1532 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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