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REFERENCE TITLE: housing development area; declaration; repeal |
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State of Arizona House of Representatives Fifty-first Legislature First Regular Session 2013
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HB 2487 |
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Introduced by Representatives Coleman, Shope: Borrelli, Mitchell, Petersen, Townsend
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AN ACT
amending section 9‑441, Arizona Revised Statutes; repealing section 9‑441.01, Arizona Revised Statutes; relating to municipal housing development.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 9-441, Arizona Revised Statutes, is amended to read:
9-441. Definitions
In this article, unless the context otherwise requires:
1. "Housing" means any structure suitable for residence by an individual or family.
2. "Housing development area" means an area within a municipality that is declared by the local governing body to be in serious need of housing and that is declared to be in need of the expenditure of public monies to assist the development of housing in the area.
3. "Housing development project" means any undertaking that is related to real property, structures or improvements in a housing development area, and that is for the purpose of establishing housing and other facilities necessary or incidental to the housing and primarily for the use of those residing in the housing.
4. "Local governing body" means the council or legislative body charged with governing the municipality.
5. "Municipality" means an incorporated city or town.
6. "Obligee" includes any bondholder, any agents or trustees for any bondholders or any lessor demising to the municipality property used in connection with a housing development project, or any assignee or assignees of such the lessor's interest or any part of the lessor's interest, and the federal government when if it is a party to any contract with the municipality.
Sec. 2. Repeal
Section 9-441.01, Arizona Revised Statutes, is repealed.