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AZ HCR2033
Concurrent Resolution
Status
Introduced
1/23/2012
Primary Sponsor
Albert Melvin
Click for details
AI Summary
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Proposes an amendment to Article IX of the Arizona Constitution by adding Section 25 regarding a budget stabilization fund.
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Requires the legislature to establish at least one fund where a portion of surplus tax collections must be deposited.
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Makes funds available for appropriation by the legislature only when state revenues in a fiscal year fall to 90 percent or less of the expenditure limit for that fiscal year.
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Directs the Secretary of State to submit this constitutional amendment to voters at the next general election.
Legislative Description
Budget stabilization fund; requirement
Last Action
Referred to House APPROP Committee
1/24/2012
Full Bill Text
No bill text available