This bill amends Arizona Revised Statutes by adding section 9-500.50, which establishes that contracts between municipalities and state political subdivisions or agencies are void if they require the development of infrastructure on state trust land outside municipal boundaries and result in the land falling out of the state land trust for private developers. The bill outlines that the nullification of such contracts must be justified by a significant public purpose and appropriate for furthering that purpose.

Additionally, the bill specifies that the legislature's intent to ensure the highest use of state trust land and to address failures in conflict of interest laws or misuse of public funds constitutes significant public purposes. It also states that the retroactive application of this legislation, effective from June 30, 2004, is appropriate for furthering these public purposes.

Statutes affected:
Introduced Version: 9-500.50