Arizona HB2679 establishes a framework for public power entities to securitize transition costs through the issuance of transition bonds.

Arizona HB2679 creates a legal structure for public power entities to securitize transition costs by issuing transition bonds. The bill outlines the process for public power entities to request permission to initiate a securitization transaction, including the creation of transition property and the issuance of transition bonds. It mandates that transition bonds are not public debt and do not obligate the state or local governments to levy taxes or make appropriations.

Arizona HB2679 establishes a framework for public power entities to securitize transition costs through the issuance of transition bonds.

Arizona HB2679 creates a legal structure for public power entities to securitize transition costs by issuing transition bonds. The bill outlines the process for public power entities to request permission to initiate a securitization transaction, including the creation of transition property and the issuance of transition bonds. It mandates that transition bonds are not public debt and do not obligate the state or local governments to levy taxes or make appropriations.