HB4081 amends Arizona power authority to clarify bond issuance authority.

HB4081 amends section 30-221 of the Arizona Revised Statutes to clarify the authority's ability to issue revenue bonds when other financing methods are inadvisable, inadequate, or insufficient for acquiring or constructing transmission lines, projects, works, or facilities. The bill ensures the authority can proceed with bond issuance under these circumstances.

HB4081 amends Arizona power authority to clarify bond issuance authority.

HB4081 amends section 30-221 of the Arizona Revised Statutes to clarify the authority's ability to issue revenue bonds when other financing methods are inadvisable, inadequate, or insufficient for acquiring or constructing transmission lines, projects, works, or facilities. The bill ensures the authority can proceed with bond issuance under these circumstances.