AZ HB2204

Amends section 30-202 of Arizona Revised Statutes relating to the Arizona Power Authority's appropriated and operation funds.

Corrects the statutory reference in subsection B from "chapter 1, title 35" to "title 35, chapter 1" for consistency with proper citation format.

Maintains that provisions of title 35, chapter 1 apply to handling and disbursement of appropriated funds of the authority, except where they conflict with the Arizona Power Authority article.

Clarifies that warrant limitations, lapsing of appropriations, quarterly allotments, and continuing appropriation provisions do not apply to the authority's appropriated monies.

Preserves the authority's ability to maintain debt reserve funds for payment of principal and interest on revenue bonds without requiring reversion of unused monies to the general fund.