AZ HB2674

Adds requirement for budget reports to include summary statement of expenditures and full-time equivalent positions for each retirement system, delineated by fund source.

Establishes Arizona Financial Information System Collections Fund administered by the department to reimburse costs of operating the system, with transaction fees charged to state agencies subject to joint legislative budget committee review.

Requires budget analyst to report to joint legislative budget committee by January 31 of each year on expenditures for each retirement system, including state employer contributions.

Allows appropriations for fiscal years 2015-2016, 2016-2017, and 2017-2018 to be limited to one fiscal year instead of biennial budgets, and exempts these years from budget stabilization fund appropriation requirements.

Changes deadline for investment yield restriction report from December 31 to October 1 annually and expands report to include whether investment restrictions have reduced yields or required federal penalty payments.