HB 2920 — qualifying tax rate; tax bill

Fifty-seventhHouse LegislatureEngrossed Firstqualifying Regulartax Sessionrate; COMMITTEE ON WAYS & MEANS HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B.

tax bill State of Arizona House of Representatives Fifty-seventh Legislature First Regular Session HOUSE BILL 2920 (ReferenceAN toACT printedAMENDING bill)SECTION Amendment15-996, instructionARIZONA key:REVISED STATUTES;

[GREENRELATING UNDERLININGTO INTHE BRACKETS]COUNTY indicatesTREASURER. text added to statute or previously enacted session law.

[Green(TEXT underliningOF inBILL brackets]BEGINS indicatesON textNEXT addedPAGE) to- newi session- lawH.B. or text restoring existing law.

[GREEN2920 STRIKEOUTBe INit BRACKETS]enacted indicatesby newthe textLegislature removedof fromthe statuteState orof previouslyArizona: enacted session law.

[Green strikeout in brackets] indicates text removed from existing statute, previously enacted session law or new session law.

<<Green carets>> indicate a section added to the bill.

<<Green strikeout in carets>> indicates a section removed from the bill.

The bill as proposed to be amended is reprinted as follows:

(a) If separate accounts are maintained for each fund, warrants may only be registered on the maintenance and operation, unrestricted capital outlay and adjacent ways accounts and the classroom site fund prescribed Housein Amendmentssection 15-977 and only if the total cash balance of all three accounts is insufficient to H.B.pay the warrants, except that, during the period of time when a school district is under receivership pursuant to section 15-103, a warrant may be registered on the debt service account for which the cash balance in the debt service account is insufficient to cover the debt service payment if there are not sufficient monies in the debt service account to cover the debt.

2920 in section 15-977 and only if the total cash balance of all three accounts is insufficient to pay the warrants, except that, during the period of time when a school district is under receivership pursuant to section 15-103, a warrant may be registered on the debt service account for which the cash balance in the debt service account is insufficient to cover the debt service payment if there are not sufficient monies in the debt service account to cover the debt.

Any interest charged to the federal- or1 state- grantH.B. fund as a result of a negative balance that is in excess of interest earned on the fund shall be transferred to the maintenance and operation fund at the end of the fiscal year or the end of the grant year.

2920 federal or state grant fund as a result of a negative balance that is in excess of interest earned on the fund shall be transferred to the maintenance and operation fund at the end of the fiscal year or the end of the grant year.

ON EACH PROPERTY TAX BILL AND EACH PROPERTY TAX STATEMENT PREPARED FOR ANY PROPERTY LOCATED WITHIN A SCHOOL DISTRICTDISTRICT, [THAT RECEIVES STATE AID PURSUANT TO SECTION 15-1466], SEPARATELY STATE[,STATE, AT A MINIMUM,]MINIMUM, THE QUALIFYING TAX RATE DETERMINED PURSUANT TO SECTION [41-1276]15-992, [15-992, SUBSECTIONS E AND F]F AND THE CORRESPONDING TAX RATE LEVIED BY THE SCHOOL DISTRICT IN THE FOLLOWING FORM:

-2-THE HouseSTATE-DETERMINED AmendmentsPROPERTY toTAX H.B.RATE TO SUPPORT (NAME OF SCHOOL DISTRICT) IS (QUALIFYING TAX RATE).

2920 THE STATE-DETERMINED(NAME OF SCHOOL DISTRICT) SET TAX PROPERTY TAX RATE TOIS SUPPORT(CORRESPONDING (NAMETAX OFRATE LEVIED BY THE SCHOOL DISTRICT)DISTRICT ISPURSUANT (QUALIFYINGTO TAXSECTION RATE).15-992, SUBSECTION G, ARIZONA REVISED STATUTES).

THE- (NAME2 OF- SCHOOL DISTRICT) SET TAX PROPERTY TAX RATE IS (CORRESPONDING TAX RATE LEVIED BY THE SCHOOL DISTRICT [PURSUANT TO SECTION 15-992, SUBSECTION G, ARIZONA REVISED STATUTES]).

Enroll and engross to conform Amend title to conform And, as so amended, it do pass JUSTIN OLSON CHAIRMAN 2920WAYS MEANS.docx 02/19/2025 12:08 PM C:

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