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AZ SB1348

AZ SB1348
Tourism; sports authority; technical correction


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

Fifty-seventh Legislature - Second Regular Session (2026)

Bill Summary

AN ACT amending section 5-832, Arizona Revised Statutes; relating to the tourism and sports authority.

AI Summary

This bill makes a technical correction to existing Arizona law regarding the Tourism and Sports Authority's general fund. Specifically, it clarifies that if the liquid assets in any account or subaccount within the authority's general fund become insufficient to meet its statutory obligations, the board must direct the treasurer to sell investments to cover those obligations and then inform the auditor general, who will investigate and report on the situation. The bill also clarifies that the authority's investments should mature when the money is needed for the purposes outlined in the chapter.

Sponsors (1)

Last Action

(on 01/01/1900)

bill text


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