credit enhancement eligibility board; continuation

SB 1422 extends the Credit Enhancement Eligibility Board, which helps Arizona public schools secure more favorable financing terms, until July 1, 2036. The bill sets a clear timeline for the board's termination and the eventual repeal of related statutes (Title 41, Chapter 56, Articles 10 and 11), requiring all program funding obligations and guaranteed financings to be settled by January 1, 2037, before repeal. If obligations remain unresolved, the statutes will be repealed 30 days after settlement. The bill applies retroactively to July 1, 2026, to maintain continuity in the program.