Arizona keeps school financing board operating through July 2036

The law continues the Credit Enhancement Eligibility Board to help public schools seek more favorable financing. The stated purpose is to assist public schools in obtaining more favorable financing. The continuation applies retroactively from after July 1, 2026.

The board terminates on July 1, 2036; related program laws and this section are set to be repealed later if specified conditions are met. The later repeal covers Title 41, Chapter 56, Articles 10 and 11, and the new section on the board's termination. The related laws and this section are repealed on January 1, 2037 only if there are no outstanding program funding obligations, or the legislature has provided for their payment or retirement, and no guaranteed financings remain outstanding. If either condition is unmet on January 1, 2037, repeal occurs 30 days after both conditions are met. If both conditions are met by January 1, 2037, repeal is set for that date. Otherwise, repeal is set for 30 days after both conditions are met.