HB 2152 Summary

• Amends Arizona Revised Statutes Section 15-943.01 regarding school district budget balance carryforward limits and rules.

• Establishes a penalty provision requiring state aid reductions to school districts whose budget balance carryforward exceeds 3% of their revenue control limit for three consecutive fiscal years.

• The state aid reduction amount equals the sum of the excess carryforward balances accumulated over those three years.

• Makes clarifying grammatical changes, replacing "which" with "that" in existing statutory language.