Bill Text: AZ HB2408 | 2012 | Fiftieth Legislature 2nd Regular | Chaptered

---

Bill Title: CORP; pension buyback payments

Spectrum: Partisan Bill (Republican 4-0)

Status: (Passed) 2012-03-29 - Governor Signed [HB2408 Detail]

Download: Arizona-2012-HB2408-Chaptered.html

---

 

 

Senate Engrossed House Bill

 

 

 

 

State of Arizona

House of Representatives

Fiftieth Legislature

Second Regular Session

2012

 

 

 

CHAPTER 120

 

HOUSE BILL 2408

 

 

AN ACT

 

Providing for a special audit of the Pima county general obligation bond programs.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Special audit, Pima county general obligation bond program

Within six months after the effective date of this act, the auditor general shall complete a special audit of the 1997, 2004 and 2006 Pima county general obligation bond programs.  The audit shall include:

1.  A description of the general obligation bond programs including the role of the Pima county bond advisory committee and cities and towns within Pima county in administering the programs.

2.  A comparison of the Pima county general obligation bond programs to general obligation bond programs administered by other counties in this state.

3.  A comparison of the amounts and uses of funds as approved by the voters and the Pima county bond advisory committee to the actual amounts and uses of funds.

4.  A comparison of the timing of projects as approved by the voters to the actual timing of projects.

5.  An analysis of Pima county's explanation included in board of supervisors meeting minutes for each change in amount or use of funds and for each change in project delivery timing, including in each instance whether there is any reason to believe or conclude that Pima county changed the amounts or uses of funds or the timing of projects to reward or to punish an entity, party or official who stood to benefit from or be affected by the project.

6.  A schedule of the dollar amount of bonds issued under the 1997, 2004 and 2006 Pima county general obligation bond programs and a schedule of the geographic location and dollar amount of the projects actually delivered.

7.  For each Pima county general obligation bond program, a determination of the amount of secondary property tax  attributable to each city and town and to unincorporated areas of Pima county and the total expenditure of funding in each city and town and in the unincorporated areas of Pima county.

 

 

 

 

 

APPROVED BY THE GOVERNOR MARCH 29, 2012.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE MARCH 29, 2012.