AZ HB2615

Amends Arizona Revised Statutes section 42-1117 regarding the tax refund account established in the state general fund.

Clarifies that the director of the department of administration manages transfers of excess amounts from the tax refund account to the state general fund during the fiscal year.

Requires the director to adjust any transferred amounts if the transfer would reduce the tax refund account below the amount needed for refunds.

Mandates that any balance in the tax refund account exceeding $500,000 on June 30 of each year be transferred to the state general fund.