HB 2731 Arizona House · 56th Legislature - Second Regular Session

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
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Photo of Joseph Chaplik
Joseph Chaplik
RRepublican
AZ
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