2012 Arizona Revised Statutes
Title 41 State Government
41-3018.19 School facilities board; termination July 1, 2018
41-3018.19. School facilities board; termination July 1, 2018
A. The school facilities board terminates on July 1, 2018.
B. Title 15, chapter 16 is repealed on January 1, 2019 only if either:
1. The board has no outstanding state school facilities revenue bonds issued pursuant to title 15, chapter 16, article 6, no outstanding state school improvement revenue bonds issued pursuant to title 15, chapter 16, article 7 and no outstanding lease-to-own transactions pursuant to sections 15-2004, 15-2005 and 15-2006.
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of the conditions in subsection B of this section have occurred on or before January 1, 2019, title 15, chapter 16 is repealed thirty days after the retirement of all revenue bonds issued pursuant to title 15, chapter 16, articles 6 and 7 and any outstanding lease-to-own transactions issued pursuant to sections 15-2004, 15-2005 and 15-2006.
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