Loading chat...

AZ HB2610

Bill

Status

Introduced

1/23/2024

Primary Sponsor

Barbara Parker

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

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

Committee Referrals

Rules1/23/2024
Appropriations1/23/2024

Full Bill Text

No bill text available