Assigned to APPROP AS PASSED BY COW
ARIZONA STATE SENATE
Fifty-Fifth Legislature, Second Regular Session
AMENDED
FACT SHEET FOR S.B. 1179
technical correction; release of animals
(NOW: 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. § 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.
FACT SHEET – Amended
S.B. 1179
Page 2
Amendments Adopted by Committee
• Adopted the strike everything amendment.
Senate Action
APPROP 2/22/22 DPA/SE 7-2-1
Prepared by Senate Research
February 24, 2022
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