ARIZONA HOUSE OF REPRESENTATIVES Fifty-fourth Legislature Second Regular Session

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HB 2653: county stadium districts; annual budget

Sponsor:  Representative Thorpe, LD 6

Committee on Government

Overview

Specifies that the board of directors (Board) of a county stadium district (District) may amend the budget only after holding a public hearing.

History

Statute describes the formation of county stadium districts and outlines the requirements in appointing and organizing a board of directors to manage the District. Powers given in statute allow the Board to oversee the District and obtain and manage any real property in its jurisdiction (A.R.S. §§ 48-4202, 48-4203).

On or before June 30th of each year, the Board is required to hold a public hearing for the adoption and submittal of a budget for the following fiscal year. The required contents of the budget include:

1) Receipts and expenditures from the past fiscal year;

2) Estimated amount necessary for expenses during the following fiscal year;

3) Anticipated revenue to the District in the following fiscal year;

4) A statement of profit or loss from operations; and

5) A complete asset and liability statement.

The Board may amend the budget after finding good cause (A.R.S. § 48-4232).

Provisions

1. Requires the Board of a District to hold a public hearing before amending the budget. (Sec. 1)

2. Makes a technical change. (Sec. 1)

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Initials SJ/JB                     Government

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