The proposed bill seeks 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. This provision remains unchanged.

The bill introduces new language that clarifies the authority's ability to issue bonds independently or in conjunction with other plans, while deleting the phrase "when the authority finds other financing methods or procedure inadvisable, inadequate or insufficient." This change aims to streamline the authority's financing options without the need for a specific finding regarding the inadequacy of other methods.

Statutes affected:
Introduced Version: 30-221