AZ SB1013

Amends Arizona Revised Statutes Section 35-144 to increase the maximum allowable budget stabilization fund balance from 7% to 15% of general fund revenue beginning in fiscal year 2010-2011 and thereafter.

Limits the 7% cap to fiscal years 1999-2000 through 2009-2010, with prior years having lower specified percentages (5.634% for 1997-1998 and 6.333% for 1998-1999).

Makes technical corrections by replacing the word "which" with "that" in three locations within the statute.

Changes the phrase "In" to "For the purposes of" in the definitions section (subsection J).

Maintains existing provisions for fund administration, investment authority, appropriation requirements based on growth rates, and the Economic Estimates Commission's certification role.