Arizona Laws 41-3024.16. Arizona power authority; conditional termination July 1, 2024
A. The Arizona power authority terminates on July 1, 2024, and title 30, chapter 1, article 1 is repealed on January 1, 2025, if the authority:
Terms Used In Arizona Laws 41-3024.16
- Agency: means any department, office, agency, commission, board or other instrumentality of this state specified in article 2 of this chapter regardless of whether monies are appropriated to such board. See Arizona Laws 41-2952
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
1. Has no outstanding contractual obligations with the United States or any United States agency.
2. Has no debts or obligations that were issued to finance the cost of the Hoover power plant modifications project, the Hoover power plant uprating project or other facilities related to the Boulder Canyon project.
3. Has otherwise provided for paying or retiring these debts or obligations.
B. If any contractual debt or obligation listed in subsection A of this section exists and a satisfactory provision has not been made to pay or retire the debt or obligation, the authority, and Title 30, Chapter 1, Article 1, shall continue in existence until the debt or obligation is fully satisfied.