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REFERENCE TITLE: technical correction; industrial development; insurance |
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State of Arizona Senate Fifty-second Legislature Second Regular Session 2016
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SB 1066 |
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Introduced by Senator Burges
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AN ACT
amending section 35‑743, Arizona Revised Statutes; relating to industrial development financing.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 35-743, Arizona Revised Statutes, is amended to read:
35-743. Liability insurance
Notwithstanding any other provision of law, the municipality or county in which an industrial development authority corporation has been organized may expend public monies to procure liability insurance covering the corporation and its board of directors, members, officers, agents and employees, or may include the corporation and its board of directors, members, officers, agents and employees in a self‑insurance program in the same manner and to the same extent that the municipality or county is authorized by law to do so for its officers, agents and employees.