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AZ SB1732
Bill
Status
5/11/2023
Primary Sponsor
John Kavanagh
Click for details
AI Summary
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Directs any unrestricted federal monies received by Arizona from July 1, 2023 through June 30, 2024 to be deposited in the state general fund for essential government services, with retroactive application to June 30, 2023.
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Exempts fiscal years 2023-2024, 2024-2025, and 2025-2026 from the requirement to appropriate or transfer monies to the budget stabilization fund under Arizona Revised Statutes section 35-144.
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Removes the ten percent limitation on the budget stabilization fund for fiscal year 2023-2024 and prohibits the state treasurer from transferring surplus monies from the fund to the general fund during that year.
Legislative Description
State budget implementation; 2023-2024.
Exceptions
Last Action
Chapter 145
5/11/2023