|
|
ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
|
|
HB4026: public infrastructure improvements; distribution limit
Sponsor: Representative Carbone, LD 25
Committee on Commerce
Overview
Makes revisions relating to the requirements for distribution of monies for public infrastructure improvements.
History
From October 1, 2013, through October 1, 2023, the State Treasurer must pay a city, town or county for public infrastructure improvements for the benefit of a manufacturing facility. The total amount paid cannot exceed the total amount of TPT revenues collected from persons conducting business under the prime contracting classification that are derived from contracts to construct buildings and associated improvements for the benefit of a manufacturing facility or 80% of the total cost of the public infrastructure improvements, which is less. The aggregate amount paid cannot exceed $200,000,000 (A.R.S. § 42-5032.02).
Provisions
1. Changes the aggregate amount paid to all cities, towns and counties to a maximum of $75,000,000 each fiscal year, rather than $200,000,000. (Sec. 1)
2. Modifies the contents of the contract that a local government enters into with the Arizona Department of Revenue (ADOR) to:
a. state that the city, town or county will immediately notify the department when monies received exceed the total amount the local government is permitted to receive, rather than 80% of the cost of the infrastructure improvements; and
b. provide an analysis of the anticipated direct and indirect revenues Arizona will receive as a result of constructing the manufacturing facility to the Arizona Commerce Authority. (Sec. 1)
3. Clarifies the State Treasurer must cease payments if the total amount subject to any distribution has met the maximum allowable amount as of June 30 of each year. (Sec. 1)
4. Stipulates ADOR, for monies that are eligible to be paid to a local government that exceed the maximum allowable amount, to retain such monies and direct the State Treasurer to resume paying such monies in the following fiscal year. (Sec. 1)
5. Directs the State Treasurer to make payments in the order in which the expense is submitted for reimbursement. (Sec. 1)
6. Requires ADOR to post development agreements and intergovernmental agreements entered into with a local government on their website. (Sec. 1)
7. Modifies the definition of public infrastructure. (Sec. 1)
8.
9.
10. ---------- DOCUMENT FOOTER ---------
11. Initials PB HB 4026
12. 2/13/2026 Page 0 Commerce
13.
14. ---------- DOCUMENT FOOTER ---------