Arizona 2022 Regular Session

Arizona Senate Bill SB1634 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	REFERENCE TITLE: municipal real property; sale; valuation State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022 SB 1634 Introduced by Senator Shope AN ACT amending section 9-403, arizona revised statutes; relating to municipal general powers. (TEXT OF BILL BEGINS ON NEXT PAGE)
2	2
3	3
4	4
5	5
6	6
7	7
8	8
9	9	REFERENCE TITLE: municipal real property; sale; valuation
10	10	State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022
11	11	SB 1634
12	12	Introduced by Senator Shope
13	13
14	14	REFERENCE TITLE: municipal real property; sale; valuation
15	15
16	16
17	17
18	18
19	19
20	20
21	21
22	22
23	23
24	24	State of Arizona
25	25
26	26	Senate
27	27
28	28	Fifty-fifth Legislature
29	29
30	30	Second Regular Session
31	31
32	32	2022
33	33
34	34
35	35
36	36
37	37
38	38
39	39
40	40	SB 1634
41	41
42	42
43	43
44	44	Introduced by
45	45
46	46	Senator Shope
47	47
48	48
49	49
50	50
51	51
52	52	AN ACT
53	53
54	54
55	55
56	56	amending section 9-403, arizona revised statutes; relating to municipal general powers.
57	57
58	58
59	59
60	60
61	61
62	62	(TEXT OF BILL BEGINS ON NEXT PAGE)
63	63
64	64
65	65
66	66	Be it enacted by the Legislature of the State of Arizona: Section 1. Section 9-403, Arizona Revised Statutes, is amended to read: START_STATUTE9-403. Sale of real property valued at more than two and one-half percent of the locally assessed real property value; special election; sale at auction A. Real property of a city or town that has a total assessed value for the current year net assessed value subject to taxation in prior year, the value of which exceeds one million five hundred thousand dollars two and one-half percent of the locally assessed real property value of a city or town as stated in the annual levy limit worksheet provided by the county assessor's office, shall not be sold unless first authorized by a special election called for the purpose of submitting to the voters of the city or town the question of selling or not selling the real property proposed for sale. The election shall be held within the corporate limits of the city or town on a date prescribed by section 16-204, and notice shall be given as provided in section 9-402. B. The ballots shall contain a description of the property proposed for sale and the reason why the governing body desires the property sold. The description and reasons shall be printed in eight-point type and shall contain not more than one hundred words. C. If a majority of the ballots cast is in favor of selling, then the governing body may sell the property at public auction, after giving the notice required in section 9-402, to the highest bidder for cash, reserving the right to reject any and all bids. END_STATUTE
67	67
68	68	Be it enacted by the Legislature of the State of Arizona:
69	69
70	70	Section 1. Section 9-403, Arizona Revised Statutes, is amended to read:
71	71
72	72	START_STATUTE9-403. Sale of real property valued at more than two and one-half percent of the locally assessed real property value; special election; sale at auction
73	73
74	74	A. Real property of a city or town that has a total assessed value for the current year net assessed value subject to taxation in prior year, the value of which exceeds one million five hundred thousand dollars two and one-half percent of the locally assessed real property value of a city or town as stated in the annual levy limit worksheet provided by the county assessor's office, shall not be sold unless first authorized by a special election called for the purpose of submitting to the voters of the city or town the question of selling or not selling the real property proposed for sale. The election shall be held within the corporate limits of the city or town on a date prescribed by section 16-204, and notice shall be given as provided in section 9-402.
75	75
76	76	B. The ballots shall contain a description of the property proposed for sale and the reason why the governing body desires the property sold. The description and reasons shall be printed in eight-point type and shall contain not more than one hundred words.
77	77
78	78	C. If a majority of the ballots cast is in favor of selling, then the governing body may sell the property at public auction, after giving the notice required in section 9-402, to the highest bidder for cash, reserving the right to reject any and all bids. END_STATUTE