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Arizona Revised Statutes Title 41. State Government § 41-3022.18. School facilities oversight board;  termination July 1, 2022

Current as of March 08, 2022 | Updated by FindLaw Staff

A. The school facilities oversight board terminates on July 1, 2022.

B. Title 41, chapter 56, articles 1, 2, 3, 4, 5, 6, 7, 8 and 9 and this section are repealed on January 1, 2023 only if either:

1. The board has no outstanding state school facilities revenue bonds issued pursuant to title 41, chapter 56, article 6, no outstanding state school improvement revenue bonds issued pursuant to title 41, chapter 56, article 7 and no outstanding lease-to-own transactions pursuant to §§ 41-5703, 41-5704 and 41-5705.

2. The legislature has otherwise provided for paying or retiring any outstanding state school facilities revenue bonds, any outstanding state school improvement revenue bonds and any outstanding lease-to-own transactions.

C. If neither of the conditions in subsection B of this section has occurred on or before January 1, 2023, title 41, chapter 56, articles 1, 2, 3, 4, 5, 6, 7, 8 and 9 and this section are repealed thirty days after the retirement of all revenue bonds issued pursuant to title 41, chapter 56, articles 6 and 7 and any outstanding lease-to-own transactions issued pursuant to §§ 41-5703, 41-5704 and 41-5705.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-3022.18. School facilities oversight board;  termination July 1, 2022 - last updated March 08, 2022 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-3022-18/

Read this complete Arizona Revised Statutes Title 41. State Government § 41-3022.18. School facilities oversight board;  termination July 1, 2022 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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