Arizona House of Representatives

House Majority Research

MEMORANDUM

 

 

Diana Clay O’Dell                                                 1700 West Washington

Senior Legislative Research Analyst                                               Phoenix, AZ  85007-2848

Committee on Commerce                                                                                                     (602) 926-3745

Legislative Intern Coordinator                                                                                         (602) 417-3097

Deputy Director of Research Staff                                                         dodell@azleg.gov

 

To:      Representative REAGAN

 

Re:      HB 2003 revitalization districts

 

Date:  April 28, 2010

 

CONCUR / REFUSE – BLUE SHEET 14

 

HB 2003 passed the Senate on 3rd Read (21-6-3) and is listed on Blue Sheet 14.

 

As Passed the House (House Engrossed Bill)

Authorizes the creation of a revitalization district for the purpose of infrastructure development in one or more cities or towns, including a Tribal community.

 

Senate Amendments

·          Requires the governing body to notify the director of the Arizona State Retirement System if the District is dissolved and was an ASRS employer.

 

·          Prohibits a District from financing or in any way facilitating the acquisition, operation or construction of a sports stadium or related sports facility.

 

·          To increase the District’s tax rate above the maximum, requires a petition signed by at least 51% of the owners of the District’s net assessed value and signed by 51% of the District property owners.

 

·          Permits the District board to reduce or eliminate any portion of the tax by a simple majority vote.

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