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AZ SB1719
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Shawnna Bolick
Click for details
AI Summary
- Requires nonprofit corporations receiving more than $250,000 in state assistance annually to file audited financial statements only for years ending in 0 and 5 (every five years), covering the previous five fiscal years
- Changes the audit filing requirement from annual to a consolidated five-year filing cycle
- Maintains the requirement that audits be prepared either in accordance with federal single audit regulations or generally accepted accounting principles by an independent certified public accountant
- Preserves the requirement that all state contracts with nonprofits include provisions for financial and compliance audits
- Applies to nonprofit corporations as defined under Arizona Revised Statutes section 10-3140
Legislative Description
Nonprofit corporations; audits
Last Action
Senate read second time
2/9/2026
Committee Referrals
Rules2/5/2026
Government Institutions2/5/2026
Full Bill Text
No bill text available