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AZ HB2973

Bill

Official Source

Status

Vetoed

6/25/2025

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - First Regular Session (2025)

AI Summary

  • Directs unrestricted federal monies received between July 1, 2025 and June 30, 2026 to be deposited in the state general fund for essential government services, with retroactive application to June 30, 2025
  • Exempts fiscal years 2025-2026, 2026-2027, and 2027-2028 from the requirement to appropriate or transfer monies to the budget stabilization fund
  • Removes the 10 percent cap on the budget stabilization fund for fiscal year 2025-2026 and prohibits the state treasurer from transferring surplus monies from the fund to the general fund during that year

Legislative Description

State budget implementation; FY2026

Retroactivity

Last Action

Governor Vetoed

6/25/2025

Committee Referrals

Rules6/23/2025
Appropriations6/23/2025

Full Bill Text

No bill text available