technical correction; revenue bond authority

Plain English Breakdown

The official source material does not provide specific details about the nature of the 'technical correction' beyond amending section 30-221.

Technical Fix for Revenue Bonds

This bill makes a small change to the rules about when and how the Arizona Power Authority can issue revenue bonds.

What This Bill Does

• Changes part of the law that talks about when and how the Arizona Power Authority can issue revenue bonds.

Who It Names or Affects

• The Arizona Power Authority

Terms To Know

Revenue Bonds

Special types of bonds that are paid back using money earned from a project.

Arizona Power Authority

A state agency in Arizona responsible for managing power-related projects and infrastructure.

Limits and Unknowns

• The bill only makes small changes to existing rules, not big new policies.
• It does not create any new costs or benefits that are clear from the text.

Official Summary Text

HB4081 - technical correction; revenue bond authority

Current Bill Text

HB4081 - 572R - I Ver

REFERENCE TITLE:
technical correction; revenue bond authority

State of Arizona

House of Representatives

Fifty-seventh Legislature

Second Regular Session

2026

HB 4081

Introduced by

Representative
Wilmeth

AN
ACT

amending section 30-221, Arizona
Revised Statutes; relating to Arizona power authority.

(TEXT OF BILL BEGINS ON NEXT PAGE)

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

Section 1. Section 30-221, Arizona Revised
Statutes, is amended to read:

START_STATUTE
30-221.

Authority to issue revenue bonds

A.
When the authority finds
other financing methods or procedure inadvisable, inadequate or insufficient to
acquire or construct transmission lines, projects, works or facilities, it may
independently or in conjunction with any other optional or alternative plans
provided in this chapter issue bonds as provided by this article.
END_STATUTE