AZ SB1091

Amends Arizona Revised Statutes section 35-144 to modify the budget stabilization fund cap from variable percentages (5.634% for FY 1997-1998, 6.333% for FY 1998-1999, and 7% thereafter) to a uniform 10% of state general fund revenue for all fiscal years.

Surplus monies exceeding the 10% cap are automatically transferred by the state treasurer to the state general fund at the end of each fiscal year.

Makes technical corrections to statutory language regarding appropriations and terminology related to the state general fund.

Maintains existing provisions for appropriations to the fund during years of excess economic growth and transfers from the fund during years of below-trend growth.

Preserves the Economic Estimates Commission's role in determining growth rates and required fund adjustments by June 1 each year.