House of Representatives

HCR 2010

municipal debt limits; streets

Sponsors: Representatives Nelson, Binder, Hanson: et al.

DP	Committee on Counties & Municipalities
X	Committee on Ways & Means
	Caucus and COW
	As Passed the House

HCR 2010 political subdivisions to incur debt up to 20 per cent of the taxable property value within the political subdivision for the construction and maintenance of roads.

History

Article IX, Section 8 of the Arizona Constitution stipulates that cities, towns, school districts, and counties [political subdivisions] cannot incur debt greater than six per cent of the taxable property value in that political subdivision without voter approval. Even with voter approval, the political subdivision cannot incur debt exceeding 15 per cent of the taxable property value. However, the Constitution allows political subdivisions to become indebted up to 20 per cent for sewers, lights, water supplies, and the acquisition of land for parks and preserves.

HCR 2010 adds the construction and maintenance of streets, highways, and bridges to the items that political subdivisions may incur debt up to 20 per cent and requires the Secretary of State to submit this proposition to the voters in the next general election.

Provisions

· Amends the Arizona Constitution to allow cities and towns, upon voter approval, to exceed their debt limit by up to 20 per cent for the construction, improvement or acquisition of streets, highways or bridges or interests in land for rights of way.

· Requires the Secretary of State to submit this proposition to the voters at the next general election.

· Makes other technical and conforming changes.

HCR 2010 passed the Counties & Municipalities Committee unamended.

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44th Legislature

Second Regular Session 2 January 30, 2001

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