HB2315 Summary

• Amends Arizona Revised Statutes section 41-725 to require local governments to establish and maintain public websites displaying comprehensive reporting of all revenues and expenditures over $5,000, consistent with state database requirements.

• Local government financial data must be provided to the state treasurer's office in an electronic format to be posted on the state treasurer's website, with links displayed prominently on local government websites or association websites.

• Requires data to be updated at least quarterly and retained online for a minimum of three fiscal years.

• Allows certified public accountants with limited reciprocity privileges (in addition to those currently licensed by the Arizona state board of accountancy) to prepare the required comprehensive annual financial reports.

• Establishes enforcement mechanism: if a local government fails to comply, the state treasurer must withhold one percent of the entity's state fund distributions, or the superintendent of public instruction must withhold one percent of school district state aid apportionment, until compliance is achieved.