Plain English Breakdown
The official status indicates the bill passed both chambers and reached final enrollment, but no effective date is provided in the source material.
HB4081: Fixing a Rule About Revenue Bonds for Power Projects
This bill makes a technical correction to the law allowing the Arizona Power Authority to issue revenue bonds when other funding methods are not suitable.
What This Bill Does
- Amends section 30-221 of the Arizona Revised Statutes.
- Allows the authority to issue revenue bonds if it finds other financing methods inadvisable, inadequate, or insufficient for power projects.
- Applies when acquiring or constructing transmission lines, works, facilities, or projects is needed.
- Lets the authority use these bonds alone or together with other plans in this chapter.
Who It Names or Affects
- Arizona Power Authority
Terms To Know
- Revenue bond
- A type of debt security where repayment comes from the income generated by a specific project.
- Transmission lines
- Power lines used to carry electricity over distances as part of power infrastructure projects.
Limits and Unknowns
- The bill does not specify how much money can be raised.
- Bond issuance depends on the authority's finding that other methods are inadvisable, inadequate, or insufficient.