ARIZONA STATE SENATE
RESEARCH STAFF
TO: MEMBERS OF THE SENATE
APPROPRIATIONS COMMITTEE
DATE: February 18, 2022
SUBJECT: Strike everything amendment to S.B. 1179, relating to JLBC; reporting
Purpose
Requires the annual Joint Legislative Budget Committee (JLBC) report on state debt and
obligations to include outlined information for the next fiscal year, rather than the most recent
fiscal year.
Background
By January 31 of each year JLBC must present to both the Senate and House of
Representatives appropriations committees a report on state debt and obligations that includes:
1) outstanding general obligation bonds; 2) long-term notes and obligations; 3) certificates of
participation and other obligations relating to lease-purchase agreements; 4) revenue bonds; and
5) deferred rollover payment obligations. The report for the most recent fiscal year must also
contain: 1) the statewide aggregate level of outstanding principal; 2) an itemization of the original
due date of each deferred payment for deferred rollover payment obligations and interest
payments; 3) information on per capita state debt and obligations; and 4) information on the 10-
year history of state debt and obligations based on available data (A.R.S. ยง 41-1277).
There is no anticipated fiscal impact to the state General Fund associated with this
legislation.
Provisions
1. Requires the annual JLBC report on state debt and obligations to include the prescribed
information for the next fiscal year, rather than most recent fiscal year.
2. Removes the requirement that the annual JLBC report on state debt and obligations be based
on data available from the Arizona Department of Administration (ADOA) online accessible
and searchable database of all incurred state and local government debt.
3. Removes the requirement that a link to the online accessible and searchable database of all
incurred state and local government debt maintained by ADOA be posted on the JLBC
website.
4. Makes technical changes.
5. Becomes effective on the general effective date.
LIAM MAHER
LEGISLATIVE RESEARCH ANALYST
APPROPRIATIONS COMMITTEE
Telephone: (602) 926-3171