Loading chat...
AZ HB2610
Bill
Status
1/23/2024
Primary Sponsor
Barbara Parker
Click for details
AI Summary
-
Repeals the 10 percent cap on the budget stabilization fund balance that previously required any surplus above this threshold to be transferred to the state general fund.
-
Removes subsection H which mandated that budget stabilization fund balance not exceed 10 percent of state general fund revenue for the fiscal year.
-
Renumbers remaining subsections I and J to H and I respectively following the removal of the cap provision.
-
Maintains all other existing provisions governing budget stabilization fund transfers, appropriations, and the role of the economic estimates commission in determining required amounts.
Legislative Description
Budget stabilization fund; cap; repeal
Repeal
Last Action
House Committee of the Whole action: Retained on the Calendar
2/21/2024