The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 1st Regular Session, which convenes in January 2021.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
Within thirty days after the last day of each calendar quarter, the school facilities board staff, in collaboration with the credit enhancement eligibility board, shall submit to the speaker of the house of representatives, the president of the senate, the director of the joint legislative budget committee and the director of the governor’s office of strategic planning and budgeting a quarterly report on the implementation of the program pursuant to this article. The quarterly report shall include at least the following information:
1. A listing of all outstanding guaranteed financings approved by the board, including the following information for each financing:
(a) The name of the public school or charter school by or on behalf of which the debt obligation was issued.
(b) The date of the issuance.
(c) The original amount of the issuance.
(d) The interest rate of the issuance.
(e) The term length of the issuance.
(f) The credit rating of the issuance.
(g) The amount of principal and interest due on the debt obligation in the current fiscal year.
(h) The purpose for which the debt obligation was issued, separately delineated for obligations to construct new capital facilities, renovate existing capital facilities or refinance existing debt obligations.
(i) The current outstanding principal of the debt obligation.
2. A listing of all guaranteed financings subject to section 15-2156 in the prior quarter, including the amounts disbursed for payment of principal and interest for the guaranteed financing and the terms and conditions the school is subject to under section 15-2156, subsections C, D and E.
3. The current balance of the Arizona public school credit enhancement fund.