Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona HB2320: school districts; bonds; financial advisors
Status: Failed, June 12, 2026
HB2320 - school districts; bonds; financial advisors
What the bill says
An act amending title 15, chapter 4, article 5, Arizona Revised Statutes, by adding section 15-492; relating to school bond elections.
From the engrossed text, June 11, 2026:
AN ACT amending title 15, chapter 4, article 5, Arizona Revised Statutes, by adding section 15-492; relating to school bond elections. (TEXT OF BILL BEGINS ON NEXT PAGE) Be it enacted by the Legislature of the State of Arizona: Section 1. Title 15, chapter 4, article 5, Arizona Revised Statutes, is amended by adding section 15-492, to duties; prohibition; exemption A. Before calling an election for the purpose of deciding whether bonds of the school district shall be issued and sold pursuant to this article, the governing board of a school district shall hire, on a contingency fee basis, an independent municipal advisor who is registered and in good standing with the securities and exchange commission, or its successor, to advise and assist the school district governing board and the school district with both: 1. The election. 2. If a majority of votes cast at the bond election favors issuing the bonds, each bond issue authorized by the election. B. An independent municipal advisor who is hired pursuant to subsection A of this section shall: 1. Advise the school district governing board and the school district on all aspects of issuing the bonds to assist the school district in achieving the most effective cost of borrowing, including: (a) Determining the repayment structure of the bonds. (b) Obtaining ratings, if necessary, …
Sponsors
- Matt Gress (R, HD-004) · primary sponsor
- Diaz, Lupe (R, HD-019)
- David Livingston (R, HD-028)
- Teresa Martinez (R, HD-016)
- Carine Werner (R, SD-004)
Latest actions
- : Senate third reading (15 votes)
- : failed to pass
- : Senate Committee of the Whole
- : do pass amended
- : Senate Committee of the Whole
- : retained
- : Senate read second time
- : Senate read first time
- : Rules: proper for consideration
- : Assigned to Rules
Votes
- THIRD failed to pass (June 12, 2026): 15 yea, 14 nay, failed
- FIN DP (March 23, 2026): 4 yea, 2 nay, passed
- THIRD Passed (February 24, 2026): 35 yea, 21 nay, passed
- RULES C&P (February 9, 2026): 7 yea, 0 nay, passed
- ED DP (February 3, 2026): 7 yea, 3 nay, passed
Common questions
- What is HB2320?
- HB2320 is a bill in the Arizona Legislature (Fifty-seventh Legislature - Second Regular Session (2026)): school districts; bonds; financial advisors.
- What does HB2320 do?
- In its own words: An act amending title 15, chapter 4, article 5, Arizona Revised Statutes, by adding section 15-492; relating to school bond elections.
- What is the status of HB2320?
- Failed as of June 12, 2026. Latest action: Senate third reading (15 votes) (June 12, 2026).
- Who sponsored HB2320?
- Matt Gress (R, HD-004), with 4 co-sponsors.
- Where is the official record for HB2320?
- On the Arizona Legislature website: https://apps.azleg.gov/BillStatus/BillOverview/84057/?SessionId=130
Source: official Arizona record. Tracked by Delilah, AI for legislation across all 50 states and Congress.