This bill proposes to amend section 30-221 of the Arizona Revised Statutes, specifically regarding the Arizona power authority's financing methods. The current law allows the authority to issue bonds when it finds other financing methods inadequate for acquiring or constructing transmission lines, projects, works, or facilities.

The bill would remove the phrase "When the authority finds other financing methods or procedure inadvisable, inadequate or insufficient" from the current statute, thereby streamlining the language and potentially broadening the authority's ability to issue bonds without the need to justify the inadequacy of other financing methods. This change aims to enhance the authority's flexibility in financing projects.

Statutes affected:
Introduced Version: 30-221