As mentioned previously in the Capitol Insider, language to repeal SB 1271, the anti-deficiency statute change, has been included in one of the budget bills, HB 2008. The bill has passed the Senate and is awaiting transmittal to the Governor.

It is rumored that the Governor will veto any budget bill package that does not include a sales tax increase or referral for public vote. Since the budget bills passed do not include either of these options, our concern is that she will veto HB 2008.

The change to Arizona’s anti-deficiency statute is a very important issue with serious consequences for Arizona homeowners. We continue to communicate with the Arizona House, Senate and Governor’s office about the urgency of this matter, and requesting that it be addressed during this special session.