summary
Introduced
01/20/2026
01/20/2026
In Committee
02/16/2026
02/16/2026
Crossed Over
02/23/2026
02/23/2026
Passed
Dead
Introduced Session
Fifty-seventh Legislature - Second Regular Session (2026)
Bill Summary
AN ACT Amending sections 27-991, 27-996, 27-1291 and 27-1296, Arizona Revised Statutes; RELATING to financial assurance for reclamation.
AI Summary
This bill amends Arizona law to allow for a new type of financial assurance mechanism for mining and exploration operations, specifically a cash deposit with a third-party escrow or trust account, in addition to existing options like surety bonds and certificates of deposit. This new provision clarifies that any interest earned on these third-party accounts, after administrative fees, belongs to the mine or exploration operator and can be used towards reclamation costs, with a proportional share of earned interest being released by the inspector upon partial release or substitution of funds. Furthermore, the bill specifies that when financial assurance is held in a third-party escrow or trust account, the inspector must release the proportional share of any interest earned when releasing part of the financial assurance.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Senate read second time (on 03/03/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.azleg.gov/BillStatus/BillOverview/84004 |
| BillText | https://www.azleg.gov/legtext/57leg/2r/bills/hb2278h.htm |
| Analysis - HOUSE SUMMARY: 02/16/2026 Caucus & COW | https://apps.azleg.gov/BillStatus/GetDocumentPdf/537575 |
| Analysis - HOUSE SUMMARY: 02/06/2026 Natural Resources, Energy & Water | https://apps.azleg.gov/BillStatus/GetDocumentPdf/536437 |
| BillText | https://www.azleg.gov/legtext/57leg/2r/bills/hb2278p.htm |
Loading...