MARTIN FLOOR AMENDMENT
SENATE AMENDMENTS TO S.B. 1211
(Reference to printed bill)
Page 2, line 19, strike “NO” insert “a”; strike “IS”; after “SECTION” insert “may be conducted pursuant to section 35-762”
Page 3, after line 7, insert:
“Sec. 2. Title 35, chapter 5, article 5, Arizona Revised Statutes, is amended by adding section 35-762, to read:
35-762. Multiple reviews of certain nonprofit project financing; definition
A. An agency may cooperate in the review of a project financing in the following manner:
1. An agency may adopt in whole or in part substantially similar review work performed on the project financing by another agency also charged with review of the project financing.
2. One or more agencies may enter into an intergovernmental agreement for the purpose of consolidating all or part of their review activities of the project financing.
B. An agency may to the extent practicable schedule its review of a project financing in a manner that minimizes the overall review time of the project financing by all agencies.
C. An agency that adopts in whole or in part review work performed on the project financing by another agency is deemed for all purposes to have complied with its review responsibilities as if the review work had been performed by the agency itself.
D. For the purposes of this section, “agency” means an industrial development authority established pursuant to this chapter, the arizona department of housing and any other arizona state agency charged with review of the project financing for a nonprofit nursing home, nonprofit rest home, nonprofit skilled nursing facility or nonprofit life care facility as defined in section 20-1801.
Sec. 3. Delayed repeal
Section 35-726, Arizona Revised Statutes, as amended by this act, and section 35-762, Arizona Revised Statutes, as added by this act, are repealed from and after December 31, 2010.”
Amend title to conform