Arizona SB1422 repeals and amends sections of the Arizona Revised Statutes regarding the credit enhancement eligibility board.

Arizona SB1422 repeals section 41-3026.01 of the Arizona Revised Statutes and adds a new section 41-3036.01. The Credit Enhancement Eligibility Board is set to terminate on July 1, 2036. The board's related provisions in title 41, chapter 56, articles 10 and 11, and this section will be repealed on January 1, 2037 if no outstanding program funding obligations or guaranteed financings exist. If these conditions are not met by January 1, 2037, the repeal will occur 30 days after both conditions are satisfied. The act aims to continue the board to help public schools secure better financing.

Arizona SB1422 repeals and amends sections of the Arizona Revised Statutes regarding the credit enhancement eligibility board.

Arizona SB1422 repeals section 41-3026.01 of the Arizona Revised Statutes and adds a new section 41-3036.01. The Credit Enhancement Eligibility Board is set to terminate on July 1, 2036. The board's related provisions in title 41, chapter 56, articles 10 and 11, and this section will be repealed on January 1, 2037 if no outstanding program funding obligations or guaranteed financings exist. If these conditions are not met by January 1, 2037, the repeal will occur 30 days after both conditions are satisfied. The act aims to continue the board to help public schools secure better financing.