AZ HB2160

Amends sections 48-251, 48-252, and 48-253 of Arizona Revised Statutes regarding county improvement districts' reporting, budgeting, and audit requirements.

Exempts domestic water improvement districts organized under chapter 6, article 4 that serve fewer than 10,000 residents from annual reporting, budget submission, and audit/financial review requirements.

Makes technical corrections to financial thresholds, changing amounts from written words to numerical format (e.g., "$100" instead of "one hundred dollars").

Clarifies language regarding timing of report submissions, using "after" instead of "of" when referring to time periods following fiscal year close.

Applies exemptions consistently across all three amended sections so that qualifying domestic water improvement districts are relieved of compliance obligations for annual reports, budget submissions, and audit requirements.