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Senate Engrossed House Bill
bonds; change of purpose; election |
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State of Arizona House of Representatives Fifty-fifth Legislature First Regular Session 2021
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CHAPTER 328
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HOUSE BILL 2821 |
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AN ACT
Amending Title 35, chapter 3, article 3, Arizona Revised Statutes, by adding section 35-462; repealing section 35-462, Arizona Revised Statutes; relating to bonds.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 3, article 3, Arizona Revised Statutes, is amended by adding section 35-462, to read:
35-462. Bonds; change of purpose; election; informational pamphlet; ballot
A. The governing body or board of a political subdivision may call an election to change the purposes for which the monies derived from the sale of bonds authorized at a prior bond election may be spent provided the bonds have not been issued.
B. The governing body or board shall order the election to be held and the election notice and procedures to be conducted in the manner prescribed by this article. An election called to change the purposes for which the monies may be spent may be held only on the first Tuesday following the first monday in november.
c. At least THIRTY-FIVE days before the election, the governing body or board shall mail a copy of an informational pamphlet to each household within the political subdivision that contains a registered voter. The pamphlet shall contain at least the following information:
1. The date of the election.
2. The Polling location for the addressee.
3. The Hours during the day when the polls will be open.
4. The purposes for which the bonds were issued, as described in the informational pamphlet mailed before the prior bond election pursuant to section 35-454.
5. The proposed new Purposes for which the monies derived from the sale of bonds will be spent.
6. The proposed new Projects and expenditures for which the monies derived from the sale of bonds will be spent.
7. Arguments for and against changing the purposes for which the monies derived from the sale of bonds may be spent.
D. The ballot shall contain the words "change capital improvements, yes" and "change capital improvements, no", and the voter shall signify the voter's desired choice.
Sec. 2. Delayed repeal
Section 35-462, as added by this act, is repealed from and after December 31, 2024.
APPROVED BY THE GOVERNOR MAY 5, 2021.
FILED IN THE OFFICE OF THE SECRETARY OF STATE MAY 5, 2021.