AZ HB2515

Amends Arizona Revised Statutes Section 30-202 regarding the Arizona Power Authority's handling of funds.

Corrects references to title 35, chapter 1 fiscal law provisions to clarify their application to the authority's appropriated funds.

Reaffirms that appropriated funds are placed in separate funds as budgeted rather than in the general fund, with warrant limitations and quarterly allotments being inapplicable.

Specifies that debt reserve funds may only be withdrawn for their express intended purposes, including payment of principal and interest on revenue bonds.

Clarifies that general fiscal law provisions do not require reversion of monies, balances, or biennium appropriations made to the authority back to the general fund.