AZ HB2202

Appropriates $609,054,500 from the budget stabilization fund in fiscal year 2023-2024 to the elected officials' retirement plan fund to pay unfunded accrued liability.

Redirects court fees and notary bond fees collected by the state from the elected officials' retirement plan fund to a new department of administration account (section 41-727) beginning July 1, 2024, for distribution to the qualified governmental excess benefit arrangement.

Requires 37 Arizona cities, towns and counties to repay the state in equal annual installments from July 1, 2024 through June 30, 2034, based on amounts paid on their behalf in fiscal year 2023-2024, with payment amounts ranging from $14,800 to $11,995,200.

Allows cities, towns and counties to request accelerated repayment schedules through intergovernmental agreements with the state treasurer, with unpaid amounts subject to withholding from state distributions.

Reduces fiscal year 2024-2025 state general fund appropriations by $16,610,700 across multiple agencies, including the judiciary, legislature, and department of administration.