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, but it also deletes the introductory clause "A." from the current statute. This change streamlines the text while maintaining the original intent and functionality of the law.

Statutes affected:
Introduced Version: 30-221