# Arizona HB 2679: power; public utilities; UCC; securities

Arizona HB 2679, power; public utilities; UCC; securities, is a Fifty-seventh Legislature - First Regular Session House bill sponsored by Gail Griffin (Republican); status signed, last action 2025-05-07 (Final Reading: Passed); PRIA reads it as touching household money (as of 2026-10-27).

- Canonical: https://policyrisk.com/state-bill/AZ-HB2679-57th-1st-regular
- As of: 2026-10-27
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Arizona HB 2679
- State: Arizona
- Session: Fifty-seventh Legislature - First Regular Session
- Title: power; public utilities; UCC; securities
- Status: signed
- Chamber: House
- Introduced: 2025-02-04
- Last action: 2025-05-07, Final Reading: Passed
- Sponsor: Gail Griffin (Republican)
- Cosponsors: 52
- Subjects: aaa rating (s), application for rehearing (s), authority of qualified special purpose entity (s), choice of law (s), civil action (s), conflicts with other laws (s), default on transition bonds (s), definitions (s), effect of invalidity on actions (s), fees and taxes (s), financing charges (s), financing resolution (s), financing resolution adoption (s), irrevocability (s), issuance (s), judicial review (s), legal investments (s), lien (s), noncompliance (s), notice (s), obligations of successor to public power entity (s), power - title 30, priority (s), property rights (s), public debt prohibition (s), public meeting (s), public policy (s), public power entity (s), public utilities (s), public utilities and carriers - title 40, reimbursement of costs (s), scope (s), securities, securitization proposal (s), securitization transactions, security interest (s), servicer (s), statement of public policy, transition billing services tariffs (s), transition bonds, transition property, true-up mechanism (s), ucc (see also: uniform commercial code), uniform commercial code (ucc), uniform commercial code - title 47
- Touches household money: yes
- Roll calls: 7 (114 yes, 52 no in all)
- Economic provisions PRIA read: 5

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Utility bonds can fund transition costs: benefit, low. Arizona public power entities, electric utilities, and cooperatives can use Transition Bonds to pay eligible retirement, replacement, or disaster-recovery costs. Approval requires a finding that the deal lowers customers’ costs over time; replacement generation must also be more cost-effective than…
- Bond charges avoid some local taxes: benefit, low. Covered financing charges are exempt from certain local franchise fees and service-related taxes. Arizona and local governments also cannot tax Transition Bond holders or owners of Transition Property. Transition Bonds are not public debt, and governments do not have to raise taxes or set aside mon…
- Customers pay new bond charges: mixed, low. Covered electric customers must pay financing charges while related bonds remain unpaid or financing costs remain unrecovered. The charge can apply even when a customer owes no other electric bill charges, and partial payments go to the financing charge first. A fixed formula adjusts charges up or…
- Bond payments get strong legal protection: mixed, low. A Qualified Special Purpose Entity owns the Transition Property and related revenues until bonds and financing costs are paid. Financing parties can secure the property with a lien, enforce it after default, and seek court orders to collect revenues if a servicer fails its duties. Successors must c…
- More investors can buy utility bonds: mixed, low. The law allows more public bodies, financial institutions, insurers, and other authorized investors to hold Transition Bonds. A parent, holding company, or direct owner of an applicant that is also a public service company cannot buy those bonds. If Arizona authorizes a third party to bill and coll…

## Sponsors and cosponsors

- Sponsor: Gail Griffin (Republican), House
- Cosponsor: Alexander Kolodin (Republican), House
- Cosponsor: Alma Hernandez (Democratic), House
- Cosponsor: Beverly Pingerelli (Republican), House
- Cosponsor: Brian Fernandez (Democratic), Senate
- Cosponsor: Carine Werner (Republican), Senate
- Cosponsor: Catherine Miranda (Democratic), Senate
- Cosponsor: Chris Lopez (Republican), House
- Cosponsor: Consuelo Hernandez (Democratic), House
- Cosponsor: David Gowan (Republican), Senate
- Cosponsor: David Livingston (Republican), House
- Cosponsor: David Marshall, Sr. (Republican), House
- Cosponsor: Flavio Bravo (Democratic), Senate
- Cosponsor: Frank Carroll (Republican), Senate
- Cosponsor: Hildy Angius (Republican), Senate
- Cosponsor: James Taylor (Republican), House
- Cosponsor: Janae Shamp (Republican), Senate
- Cosponsor: Janeen Connolly (Democratic), House
- Cosponsor: Jeff Weninger (Republican), House
- Cosponsor: John Gillette (Republican), House
- Cosponsor: John Kavanagh (Republican), Senate
- Cosponsor: Joseph Chaplik (Republican), House
- Cosponsor: Julie Willoughby (Republican), House
- Cosponsor: Justin Wilmeth (Republican), House
- Cosponsor: Kevin Payne (Republican), Senate
- Cosponsor: Kevin Volk (Democratic), House
- Cosponsor: Khyl Powell (Republican), House
- Cosponsor: Laurin Hendrix (Republican), House
- Cosponsor: Leo Biasiucci (Republican), House
- Cosponsor: Lisa Fink (Republican), House
- Cosponsor: Lupe Diaz (Republican), House
- Cosponsor: Lydia Hernandez (Democratic), House
- Cosponsor: Matt Gress (Republican), House
- Cosponsor: Michael Carbone (Republican), House
- Cosponsor: Michael Way (Republican), House
- Cosponsor: Michele Peña (Republican), House
- Cosponsor: Myron Tsosie (Democratic), House
- Cosponsor: Neal Carter (Republican), House
- Cosponsor: Nick Kupper (Republican), House
- Cosponsor: Pamela Carter (Republican), House
- Cosponsor: Quang H Nguyen (Republican), House
- Cosponsor: Rachel Keshel (Republican), House
- Cosponsor: Ralph Heap (Republican), House
- Cosponsor: Selina Bliss (Republican), House
- Cosponsor: Seth Blattman (Democratic), House
- Cosponsor: Shawnna Bolick (Republican), Senate
- Cosponsor: Steve Montenegro (Republican), House
- Cosponsor: Teresa Martinez (Republican), House
- Cosponsor: Thomas "T.J." Shope (Republican), Senate
- Cosponsor: Timothy "Tim" Dunn (Republican), Senate
- Cosponsor: Tony Rivero (Republican), House
- Cosponsor: Venden "Vince" Leach (Republican), Senate
- Cosponsor: Walt Blackman (Republican), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-05-07 | House | FINAL: Passed | pass | 43 | 15 |   |
| 2025-05-07 | House | CONCUR: Passed | fail |   |   |   |
| 2025-05-06 | House | THIRD: Passed | pass | 17 | 11 |   |
| 2025-03-25 | House | DP | pass | 4 | 3 |   |
| 2025-03-12 | House | THIRD: Passed | pass | 35 | 21 |   |
| 2025-02-10 | House | C&P | pass | 8 | 0 |   |
| 2025-02-04 | House | DP | pass | 7 | 2 |   |

## Actions (12)

- 2025-05-07: Final Reading: Passed (House)
- 2025-05-07: Concurrence: Passed (House)
- 2025-05-06: Third Reading: Passed (House)
- 2025-05-06: Committee of the Whole: do pass amended (House)
- 2025-03-31: undefined: PFC (House)
- 2025-03-25: undefined: DP (House)
- 2025-03-12: Third Reading: Passed (House)
- 2025-03-11: Committee of the Whole: do pass amended (House)
- 2025-03-10: Committee of the Whole: Retained on the Calendar (House)
- 2025-02-18: Committee of the Whole: Retained on the Calendar (House)
- 2025-02-10: undefined: C&P (House)
- 2025-02-04: undefined: DP (House)

## Bill text

- Chaptered Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/laws/0207.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/530443)
- House Engrossed Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679H.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/527376)
- Introduced Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679P.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/521988)
- Senate Engrossed Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679S.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/530002)

## Related bills

- HB 2015: EORP; CORP; funded ratio (signed)
- HB 2077: ASRS; long-term disability (signed)
- HB 2034: ASRS; supplemental employee deferral plan (signed)
- HB 2036: ASRS; temporary personnel service (signed)
- HB 2035: ASRS; termination incentive programs (signed)
- SB 1537: transitional housing; reentry programs; licensure (signed)

## Sources
- [Chaptered Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/laws/0207.htm)
- [Chaptered Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/530443)
- [House Engrossed Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679H.htm)
- [House Engrossed Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/527376)
- [Introduced Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679P.htm)
- [Introduced Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/521988)
- [Senate Engrossed Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/HB2679S.htm)
- [Senate Engrossed Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/530002)

## Related
- [HB 2015: EORP; CORP; funded ratio](https://policyrisk.com/state-bill/AZ-HB2015-57th-1st-regular)
- [HB 2077: ASRS; long-term disability](https://policyrisk.com/state-bill/AZ-HB2077-57th-1st-regular)
- [HB 2034: ASRS; supplemental employee deferral plan](https://policyrisk.com/state-bill/AZ-HB2034-57th-1st-regular)
- [HB 2036: ASRS; temporary personnel service](https://policyrisk.com/state-bill/AZ-HB2036-57th-1st-regular)
- [HB 2035: ASRS; termination incentive programs](https://policyrisk.com/state-bill/AZ-HB2035-57th-1st-regular)
- [SB 1537: transitional housing; reentry programs; licensure](https://policyrisk.com/state-bill/AZ-SB1537-57th-1st-regular)
- [Arizona bills](https://policyrisk.com/states/arizona/bills)
- [Arizona state hub](https://policyrisk.com/states/arizona)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/AZ-HB2679-57th-1st-regular (as of 2026-10-27).