Vote to pass a bill that requires the Director of the Arizona Department of Administration (ADOA) to issue state lottery revenue bonds by December 31, 2010 and to enter into lease-purchase agreements through the sale and simultaneous lease-purchase of state buildings no later than September 30, 2010.

-Deposit $450 million in the state general fund; -Pay bond-related expenses; -Pay fees, charges, and expenses incurred with respect to bond related obligations; and -Fully or partially fund any reserves or sinking accounts for debt service on the bonds establishes by the bond documents.

-The fixed or variable rate or rates of interest; -The date or dates on which interest is payable; -The denomination of the bonds; -The date or dates of the bond and maturity, within 20 years of the date of issuance; -The form of the bonds; -The manner of executing the bonds; -The medium and place of payment; and -The terms of redemption, which may provide for a premium for early redemption.

-Segregate the Debt Service Fund and provide that issued bonds may be secured by a lien on all or part of the money in the Debt Service Fund or any account of the fund; -Provide that the bonds are secured by a first lien on the money paid into the Debt Service Fund and pledge all or part of the monies in the Debt Service Fund and Proceeds Fund to secure and pay the principal, interest and any premiums on the bonds as they come due; -Establish priorities among bondholders based on criteria adopted by the director; -Set aside, regulate and dispose of reserves and sinking accounts; -Prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent to and the manner in which the consent may be given; -Provide for payment of bond-related expenses from the proceeds of the sale of the bonds or other revenues authorized by this article and available to the director; -Provide for the services of trustees, co-trustees, agents and consultants and other specialized services with respect to the bonds; -Take any other action that in any way may affect the security and protection of the bonds or interest on the bonds; -Refund any bonds issued by the director by issuing new bonds, if these bonds are secured from the same source of revenues as the bonds authorized by this article; and -Issue bonds partly to refund outstanding bonds and partly for any other purpose consistent with this article.

-Be for a fixed term of no more than 20 years; and -Make the initial lease-purchase payment in fiscal year 2011.

Vote to pass a bill that requires the Director of the Arizona Department of Administration (ADOA) to issue state lottery revenue bonds by December 31, 2010 and to enter into lease-purchase agreements through the sale and simultaneous lease-purchase of state buildings no later than September 30, 2010.

-Deposit $450 million in the state general fund; -Pay bond-related expenses; -Pay fees, charges, and expenses incurred with respect to bond related obligations; and -Fully or partially fund any reserves or sinking accounts for debt service on the bonds establishes by the bond documents.

-The fixed or variable rate or rates of interest; -The date or dates on which interest is payable; -The denomination of the bonds; -The date or dates of the bond and maturity, within 20 years of the date of issuance; -The form of the bonds; -The manner of executing the bonds; -The medium and place of payment; and -The terms of redemption, which may provide for a premium for early redemption.

-Segregate the Debt Service Fund and provide that issued bonds may be secured by a lien on all or part of the money in the Debt Service Fund or any account of the fund; -Provide that the bonds are secured by a first lien on the money paid into the Debt Service Fund and pledge all or part of the monies in the Debt Service Fund and Proceeds Fund to secure and pay the principal, interest and any premiums on the bonds as they come due; -Establish priorities among bondholders based on criteria adopted by the director; -Set aside, regulate and dispose of reserves and sinking accounts; -Prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent to and the manner in which the consent may be given; -Provide for payment of bond-related expenses from the proceeds of the sale of the bonds or other revenues authorized by this article and available to the director; -Provide for the services of trustees, co-trustees, agents and consultants and other specialized services with respect to the bonds; -Take any other action that in any way may affect the security and protection of the bonds or interest on the bonds; -Refund any bonds issued by the director by issuing new bonds, if these bonds are secured from the same source of revenues as the bonds authorized by this article; and -Issue bonds partly to refund outstanding bonds and partly for any other purpose consistent with this article.

-Be for a fixed term of no more than 20 years; and -Make the initial lease-purchase payment in fiscal year 2011.