Second Regular Session H.B. 2666
PROPOSED AMENDMENT
SENATE AMENDMENTS TO H.B. 2666
(Reference to House engrossed bill)
Page 1, line 20, strike "governor's" insert "office of"; strike "office"
Page 4, line 43, strike "governor's" insert "office of"; strike "office"
Page 5, line 33, strike "governor's" insert "office of"
Line 34, strike "office"
Page 7, line 39, strike "governor's" insert "office of"; strike "office"
Page 10, line 1, strike "governor's" insert "office of"
Line 2, strike "office"
Page 16, lines 21 and 26, strike "governor's" insert "office of"; strike "office"
Line 33, strike "governor's" insert "office of"
Line 34, strike "office"
Line 43, strike "governor's" insert "office of"; strike "office"
Page 17, lines 17 and 18, strike "as the department deems necessary to carry out its statutory functions" insert "for the sole purpose of providing for the processing, storage and transmission of information"
Lines 21, 22 and 28, strike "governor's" insert "office of"; strike "office"
Line 36, strike "governor's" insert "office of"
Line 37, strike "office"
Line 40, strike "governor's" insert "office of"; strike "office"
Page 18, line 2, strike "governor's" insert "office of"; strike "office"
Line 5, strike "governor's" insert "office of"
Line 6, strike "office"
Line 8, strike "governor's" insert "office of"; strike "office"
Page 32, line 22, after "project" insert ", except that the authority may satisfy an allocation request from one or more categories of projects as described in subsection B, C, D, E, F or G of this section"
Page 32, strike lines 29 through 44
Page 33, strike lines 1 through 35, insert:
"Sec. 20. Section 35-902, Arizona Revised Statutes, as amended by section 19 of this act, is amended effective from and after December 31, 2016, to read:
35-902. Allocation
A. Subject to this chapter, the total amount of the state ceiling is allocated among projects pursuant to this section. The chief executive officer director shall issue confirmations on a first come, first served basis, within any particular category of projects as described in subsection C, D, E, F or G of this section.
B. Thirty percent of the state ceiling is allocated to projects that are designated at the sole discretion of the chief executive officer director.
C. Thirty‑five percent of the state ceiling is allocated to qualified mortgage revenue bonds and qualified mortgage credit certificate programs, excluding any such bonds and certificate programs for home improvement and rehabilitation.
D. Fifteen percent of the state ceiling is allocated to qualified residential rental projects as described in the United States internal revenue code of 1986.
E. Five percent of the state ceiling is allocated to qualified student loan projects.
F. Five percent of the state ceiling is allocated to manufacturing projects.
G. Ten percent of the state ceiling is allocated to all projects financable through issuance of bonds that require an allocation of state ceiling and that are not described and provided for in subsections C, D, E and F of this section. Such projects include, but are not limited to, qualified mortgage revenue bonds and qualified mortgage credit certificate programs for home improvement and rehabilitation.
H. A request shall not be filed and a confirmation shall not be issued to a project unless the project is subject to section 146 of the code. No project is deemed to have been allocated any portion of the state ceiling unless, in connection with the project, this chapter has been substantially complied with.
I. Any request on file with the authority for which a confirmation has not been issued by 5:00 p.m. on March 31, other than a request for an allocation pursuant to subsection B of this section, is deemed to have expired at 5:00 p.m. on March 31. All or any part of any confirmation for which bonds have not been issued or for which a qualified mortgage credit certificate program has not been established by 5:00 p.m. on March 31, evidenced by the filing of a certificate of closing with the authority, or for which confirmations have not been extended pursuant to section 35‑910, is deemed to have expired.
J. At any given time, an issuer, or an issuer together with one or more other issuers, may not file more than one request for each project, except that the authority may satisfy an allocation request from one or more categories of projects as described in subsection B, C, D, E, F or G of this section. This subsection does not prohibit an issuer from refiling a request for a given project if a prior request has expired or filing a request for each separate and distinct project.
K. An issuer may not transfer or assign its rights to an allocation of state ceiling from one project to another project or from itself to another issuer."
Page 40, line 42, after the period insert "For bonds that are issued from and after December 31, 2015, the authority shall refund the security deposit if the bonds are issued within three years after the receipt of the deposit that is required under this paragraph, whether or not carry‑forward allocation is used."
Page 45, line 10, strike "governor's"
Line 11, after "budgeting" insert "office of"; strike "office"
Page 48, line 26, strike "governor's" insert "office of"; strike "office"
Page 51, line 1, strike "governor's" insert "office of"
Line 2, strike "office"; strike "governor's" insert "office of"
Line 3, strike "office"
Line 6, strike "governor's" insert "office of"; strike "office"
Page 58, line 40, after "of" insert "tribal lands or"
Lines 41 and 42, strike "is within the boundaries of"
Page 63, line 14, after "persons" insert "or on tribal lands, or both"
Line 19, after "located" insert "or to projects located on tribal lands"
Page 68, line 26, strike "Governor's" insert "Office of"; strike "office"
Line 28, strike "governor's" insert "office of"; strike "office"
Page 73, lines 27 and 32, strike "governor's" insert "office of"; strike "office"
Line 33, strike "Governor's" insert "Office of"; strike "office"
Lines 34 and 39, strike "governor's" insert "office of"; strike "office"
Page 74, line 7, after "tax" insert "and regulatory"
Line 8, after the comma strike remainder of line
Strike lines 9 through 14, insert "including implementing a systematic data collection and analysis process to evaluate tax and regulatory costs to businesses imposed by this state and municipalities of this state in relation to other states and municipalities."
Renumber to conform
Line 26, after "matters" insert ", including the development and analysis of proposed rules and regulations and the projected cost on employers relating to those rules and regulations"
Strike line 32
Page 75, line 21, strike "governor's" insert "office of"
Line 22, strike "office"
Page 77, line 32, after the third "of" insert "relevant state agency representatives and"
Line 33, after "following" insert "additional"
Lines 35 and 37, strike "persons" insert "connections"
Page 82, line 35, strike "governor's" insert "office of"; strike "office"
Line 37, strike "governor's" insert "office of"
Page 82, line 38, strike "office"
Lines 41 and 44, strike "governor's" insert "office of"; strike "office"
Page 83, line 3, strike "governor's" insert "office of"
Line 4, strike "office"
Lines 6, 16 and 19, strike "governor's" insert "office of"; strike "office"
Page 90, line 43, strike "governor's" insert "office of"; strike "office"
Page 91, lines 31 and 44, strike "governor's" insert "office of"; strike "office"
Page 92, line 2, strike "governor's" insert "office of"
Line 3, strike "office"
Page 93, line 23, strike "governor's" insert "office of"; strike "office"
Page 95, line 28, strike "governor's" insert "office of"; strike "office"
Page 96, line 7, strike "governor's" insert "office of"; strike "office"
Line 27, strike "governor's" insert "office of"
Line 28, strike "office"
Page 103, line 38, strike "governor's" insert "office of"
Line 39, strike "office"
Line 43, strike "governor's" insert "office of"
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Page 104, strike lines 4 through 9
Renumber to conform
Line 13, strike "and" insert a comma
Line 15, after "persons" insert "and any tribal authority"
Line 30, strike "governor's" insert "office of"; strike "office"
Line 43, strike "governor's" insert "office of"
Line 44, strike "office"
Page 105, line 4, strike "governor's" insert "office of"
Line 5, strike "office"
Line 10, strike "governor's" insert "office of"; strike "office"
Page 106, line 10, strike "under the state personnel system and"
Lines 11 and 12, strike ", the Arizona housing finance authority and the Arizona international development authority" insert "and the employee who is employed by the Arizona department of housing and who is directly supporting the Arizona housing finance authority"
Page 106, line 13, after "to" strike remainder of line
Line 14, strike "administrative units of"
Line 16, after the period insert "These employees remain members of the Arizona state retirement system until their termination of employment at the Arizona industrial development authority."
Line 18, strike "governor's" insert "office of"
Line 19, strike "office"
Strike lines 22 through 25, insert:
"Sec. 76. Emergency
This act is an emergency measure that is necessary to preserve the public peace, health or safety and is operative immediately as provided by law."
Amend title to conform