Arizona 53rd Legislature - 1st Regular Session Status: Enacted

HB 2452 — bonding; amortized premium; segregated fund

Last action — signed by governor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 07, 2017. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 50% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

163 added · 153 removed

Plain-language change summary

The changes to HB 2452 clarify that the lien securing the bonds will automatically apply to all revenues from the tax levy without requiring any action or approval from the county or board. This means that once the bonds are issued, there is no extra paperwork needed for the lien to be effective, making it simpler for the revenue to be immediately protected. This matters because it ensures smoother financial operations and guarantees that funds will be securely dedicated to pay off bond-related debts.

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HB2452 - 531R - H Ver       House Engrossed       State of Arizona House of Representatives Fifty-third Legislature First Regular Session     HOUSE BILL 2452       AN ACT   amending sections 11‑275, 15‑1022, 15-1024, 35-457, 35‑458, 35-471, 35‑473.01, 35-474, 42-17151, 48‑719, 48-806, 48-5563 and 48-5566, Arizona Revised Statutes;
Chapter 0099 - 531R - H Ver of HB2452       House Engrossed       State of Arizona House of Representatives Fifty-third Legislature First Regular Session       CHAPTER 99   HOUSE BILL 2452     AN ACT   amending sections 11‑275, 15‑1022, 15-1024, 35-457, 35‑458, 35-471, 35‑473.01, 35-474, 42-17151, 48‑719, 48-806, 48-5563 and 48-5566, Arizona Revised Statutes;
security A.  The board of supervisors, at the time of making the levy of taxes for county purposes, shall levy a tax for the year upon on the taxable property in a school district or former school district canceled by election, which has outstanding school bonds for the interest and redemption of the bonds.
security A.  The board of supervisors, at the time of making the levy of taxes for county purposes, shall levy a tax for the year upon on the taxable property in a school district or former school district canceled by election, which has outstanding school bonds for the interest and redemption of the bonds.  The tax shall not be less than sufficient to pay the interest of the bonds for the year and the portion of the principal of the bonds becoming due during the year and in any event shall be enough to raise, annually, for the first half of the term of the bonds a sufficient amount to pay the interest thereon, and during the remainder of the term enough to pay the annual interest and to pay, annually, a portion of the principal of the bonds equal to an amount produced by taking the whole amount of bonds outstanding and dividing it by the number of years the bonds then have to run.
 The tax shall not be less than sufficient to pay the interest of the bonds for the year and the portion of the principal of the bonds becoming due during the year and in any event shall be enough to raise, annually, for the first half of the term of the bonds a sufficient amount to pay the interest thereon, and during the remainder of the term enough to pay the annual interest and to pay, annually, a portion of the principal of the bonds equal to an amount produced by taking the whole amount of bonds outstanding and dividing it by the number of years the bonds then have to run.
END_STATUTE
END_STATUTE       APPROVED BY THE GOVERNOR MARCH 29, 2017.
  FILED IN THE OFFICE OF THE SECRETARY OF STATE MARCH 29, 2017.
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Action History

  1. signed by governor

  2. transmit to governor

  3. transmit to house

  4. passed

  5. senate second reading

  6. senate first reading

  7. transmit to senate

  8. passed

  9. house placed on consent calendar

  10. house second reading

  11. house first reading.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 92 not signed on

Sponsors (1)

Co-sponsors (0)

None.

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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 2452?
HB 2452 is sponsored by Jill Norgaard.
What is the current status of HB 2452?
This bill has been enacted into law. Introduced February 07, 2017. Enacted.
Where can I track HB 2452?
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