ASDB; capital improvements; financing; authority.

HB 4077 amends Arizona law to give the Arizona State Schools for the Deaf and the Blind (ASDB) more authority to finance capital improvements, such as building repairs, renovations, and new construction. The bill establishes a capital improvement fund using property sales, gifts, grants, and donations, which is exempt from annual budget lapsing. It sets strict limits: no more than $16 million total in lease-purchase agreements, with $8 million allowed each for fiscal years 2026-2027 and 2027-2028, and requires agreements to not exceed 40 years or a project’s useful life. This directly affects ASDB’s financial management of its facilities without obligating additional state general fund money.