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ARIZONA HOUSE OF REPRESENTATIVESFifty-sixth Legislature First Regular Session |
House: GOV DP 9-0-0-0 |
HB 2587: governor's declaration; fiscal impact analysis
Sponsor: Representative Payne, LD 27
House Engrossed
Overview
Prohibits the State Treasurer from withholding any state shared revenues from a city with a convention center (eligible city) during a state of emergency declaration.
History
Statute establishes the Arizona Convention Center Development Fund to encourage and enable eligible cities to expand and develop municipally operated major convention center facilities that are designed to serve trade shows and large conventions attended primarily by residents of other states and to encourage the visitor and tourism industries in Arizona (A.R.S § 9-601).
Statute states a city that is eligible to receive distributions from the Arizona Convention Center Development Fund must be a charter city, have a population of more than one million people at the time of distribution and more than 555,000 people at the time of initial distribution and operate a convention center facility with at least 200,000 square feet of exhibition space constructed with monies from municipal sources (A.R.S. 9-604).
Provisions
1.
Prohibits the State Treasurer from
withholding state shared revenues from an eligible city that failed to meet
statutory requirements in any year in which the Governor declared a state of
war emergency or a public health emergency. (Sec. 1)
2. Requires OAG to assume the following when conducting an estimate or analysis of the economic impact of any eligible project in the years following the initial emergency declaration:
a) The eligible city satisfied the minimum required attendance in the year of the emergency declaration and the following year; and
b) The incremental revenues to the state General Fund in any year of an initial emergency declaration and the following year at least equaled the amount of distributions by the state. (Sec. 1)
3. Contains a retroactivity clause of January 1, 2020. (Sec. 2)
4. Makes a conforming change. (Sec. 1)
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8. HB 2587
9. Initials FK Page 0 House Engrossed
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