REFERENCE TITLE: payments in lieu of taxes

 

 

 

State of Arizona

Senate

Fifty-third Legislature

Second Regular Session

2018

 

SB 1492

 

Introduced by

Senator Griffin

 

 

AN ACT

 

amending Title 15, chapter 9, article 1, Arizona Revised Statutes, by adding section 15-917; relating to school finance.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 


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

Section 1.  Title 15, chapter 9, article 1, Arizona Revised Statutes, is amended by adding section 15-917, to read:

START_STATUTE15-917.  Federal payments in lieu of taxes; fund

Notwithstanding any other law, a local government that receives federal payments in lieu of taxes shall distribute those monies to the school districts where the nontaxable federal lands are located and that generated those federal payments.  Each school district that receives monies pursuant to this section shall establish a payments in lieu of taxes fund and may use monies in the fund for any purpose authorized under this title.    END_STATUTE