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House Engrossed Senate Bill |
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State of Arizona Senate Forty-seventh Legislature Second Regular Session 2006
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SENATE BILL 1211 |
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AN ACT
Establishing authority for the coordination of project review.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Approval of developments; bonds
A. Any reviewing entity exercising its statutory duties in connection with a project may agree with any other reviewing entity to share information, coordinate review schedules or jointly conduct reviews.
B. A reviewing entity may in its discretion cooperate in the review of a project financing by adopting in whole or in part substantially similar review work performed on the project financing by another reviewing entity also charged with review of the project financing if the review work completed by the other entity meets the standards of the reviewing entity.
C. A reviewing entity that adopts in whole or in part review work performed on the project financing by another reviewing entity is deemed for all purposes to have complied with its review responsibilities as if the review work had been performed by the reviewing entity itself.
D. In this section:
1. "Project" shall mean nursing home, rest home, skilled nursing facility or life care facility owned and operated by a nonprofit organization that is exempt from taxation under section 501(c)(3) of the United States internal revenue code that is seeking debt financing pursuant to title 35, chapter 5, Arizona Revised Statutes, approval pursuant to section 35-726, Arizona Revised Statutes, a permit pursuant to title 20, chapter 8, Arizona Revised Statutes, or bond financing pursuant to title 36, chapter 4.2, Arizona Revised Statutes.
2. "Reviewing entity" shall include an industrial development authority formed pursuant to title 35, chapter 5, Arizona Revised Statutes, and the governing bodies approving the formation of an industrial development authority, the Arizona department of housing, the Arizona health facilities authority, or the Arizona department of insurance.
Sec. 2. Delayed repeal
The provisions of this act are repealed from and after December 31, 2009.