# A.R.S. § 30-1002: 30-1002 Statement of public policy

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1002

## Section

- **Citation:** A.R.S. § 30-1002
- **Heading:** 30-1002 Statement of public policy
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 30 / Chapter 8 / Article 1 / Section 1002

## Text

30-1002. Statement of public policy

A. It is the public policy of this state to gain the benefits of securitization by establishing irrevocable financing charges that are payable to a qualified special purpose entity and by creating and vesting in the qualified special purpose entity a present and alienable property interest in the resulting financing revenues. Those benefits include reducing all of the following:

1. The unrecovered cost of transition assets that are subject to potential retirement, abandonment, sale, disposition or transition or that have been damaged or destroyed, including associated liabilities.

2. The costs arising from or related to weather, wildfire or other significant events or incidents that cause damage or destruction or that otherwise render inoperable, in whole or in part, any of the public power entity's assets, facilities or infrastructure that are in operation providing service for customers.

B. The use of low-cost securitized borrowing by a separate qualified special purpose entity is intended to enable public power entities to achieve the benefits of securitization for customers by reinvesting capital now committed to paying those costs related to the production and delivery of energy from new facilities, resources or other assets.

## Nearby sections

- [A.R.S. § 30-1001 30-1001 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1001.md)
- [A.R.S. § 30-1002 30-1002 Statement of public policy](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1002.md)
- [A.R.S. § 30-1003 30-1003 Securitization transactions; public meeting; notice; securitization proposal; financing resolution adoption](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1003.md)
- [A.R.S. § 30-1004 30-1004 Transition property; property rights; default on transition bonds](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1004.md)
- [A.R.S. § 30-1005 30-1005 Transition bonds; issuance; authority of qualified special purpose entity; reimbursement of costs](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1005.md)
- [A.R.S. § 30-1006 30-1006 Transition property; security interest; lien; priority](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1006.md)
- [A.R.S. § 30-1007 30-1007 Financing charges; true-up mechanism; civil action](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1007.md)
- [A.R.S. § 30-1008 30-1008 Public power entity as servicer; transition billing services tariffs; AAA rating](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1008.md)
- [A.R.S. § 30-1009 30-1009 Transition bonds; irrevocability; public policy; noncompliance](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1009.md)
- [A.R.S. § 30-1010 30-1010 Financing resolution; application for rehearing; judicial review](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1010.md)
- [A.R.S. § 30-1011 30-1011 Fees and taxes](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1011.md)
- [A.R.S. § 30-1012 30-1012 Transition bonds; public debt prohibition](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1012.md)
- [A.R.S. § 30-1013 30-1013 Transition bonds; legal investments](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1013.md)
- [A.R.S. § 30-1014 30-1014 Obligations of successor to public power entity](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T30_C8_A1_S1002. Check the current official text before relying on it. Not legal advice.