technical correction; state fair; bonds
HB 2731 is a technical correction that clarifies the authority of the Arizona Exposition and State Fair Board to issue bonds for the fair's facilities. The bill specifies that these bonds must be secured by a lien on income from stall rentals and other fees, with the explicit provision that no fees are charged for non-commercial exhibits. It further mandates that the board must set and adjust service charges to ensure the fair remains self-supporting, covering debt payments, operational expenses, and facility maintenance. This amendment directly affects the financial management structure of the state fair by reinforcing the requirement that its revenue-generating activities must sustain the bond obligations.
Bill status
introduced
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 14, 2024
Last action Jun 14, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joseph Chaplik
RRepublican
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