The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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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.
41-3025.07 - School facilities oversight board; termination July 1, 2025
41-3025.07. School facilities oversight board; termination July 1, 2025
A. The school facilities oversight board terminates on July 1, 2025.
B. Title 41, chapter 56, articles 1, 2, 3, 4, 5, 6, 7, 8 and 9 and this section are repealed on January 1, 2026 only if either:
1. The board has no outstanding state school facilities revenue bonds issued pursuant to title 41, chapter 56, article 6, no outstanding state school improvement revenue bonds issued pursuant to title 41, chapter 56, article 7 and no outstanding lease-to-own transactions pursuant to sections 41-5703, 41-5704 and 41-5705.
2. The legislature has otherwise provided for paying or retiring any outstanding state school facilities revenue bonds, any outstanding state school improvement revenue bonds and any outstanding lease-to-own transactions.
C. If neither of the conditions in subsection B of this section has occurred on or before January 1, 2026, title 41, chapter 56, articles 1, 2, 3, 4, 5, 6, 7, 8 and 9 and this section are repealed thirty days after the retirement of all revenue bonds issued pursuant to title 41, chapter 56, articles 6 and 7 and any outstanding lease-to-own transactions issued pursuant to sections 41-5703, 41-5704 and 41-5705.