AZ HB2009

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 transferred amounts if the balance falls below the amount needed for refunds, ensuring sufficient funds remain for tax refunds.

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