AZ HB2531

Amends Arizona Revised Statutes Section 48-807 regarding county fire district assistance tax and fire district property tax levies.

Modifies the property tax levy limit for fire districts by removing language that restricts levies to "three dollars twenty-five cents per one hundred dollars of assessed valuation, or the amount of the levy in the preceding tax year multiplied by 1.08, whichever levy is less" and related override provisions.

Updates provisions for consolidated districts that merge, changing the limitation calculation in the first year after merger from "the total of the levies of the merged or consolidated districts in the preceding tax year multiplied by 1.08 or the amount of the levies allowed by the maximum rate prescribed by subsection E of this section, whichever is less."

Clarifies financial management requirements for fire districts, including monthly reconciliation of accounts, monthly financial reporting, and monthly board review of financial reports and cash flow projections (with exceptions for three-member board districts).

Maintains existing provisions regarding county fire district assistance tax distribution, warrant authority, and separate fund accounting for fire districts.