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REFERENCE TITLE: state treasurer; state financial condition |
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State of Arizona Senate Forty-ninth Legislature First Regular Session 2009
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SB 1165 |
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Introduced by Senator Pearce
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AN ACT
Amending title 35, chapter 1, article 1, Arizona Revised Statutes, by adding section 35‑104; relating to the state's financial condition.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 1, article 1, Arizona Revised Statutes, is amended by adding section 35-104, to read:
35-104. State financial condition; reports
A. The state treasurer shall prepare and submit to the governor, the president of the senate and the speaker of the house of representatives on the first day of each regular session of the legislature a statement under oath that describes the financial condition of the state treasury at the close of the preceding fiscal year and that contains an estimate of the probable receipts and disbursements from the state treasury for the current fiscal year. The statement shall include an itemized estimate of the anticipated revenue from all sources based on the laws in effect that will be received by this state and shall show the fund accounts to be credited during the subsequent two fiscal years. The state treasurer shall submit a supplemental statement of financial condition at the beginning of any special session of the legislature and at any other time it is necessary to illustrate probable changes in the state's financial condition.
B. When the legislature adopts a general appropriations act, the state treasurer shall prepare a statement of whether the amount appropriated is within the amount estimated to be available in the affected funds. The information prepared by the state treasurer pursuant to this subsection shall be submitted to the governor, the president of the senate and the speaker of the house of representatives and shall be posted on the state treasurer's official website.
C. The information prepared and submitted by the state treasurer pursuant to this section shall be admissible in any legal action challenging the constitutionality of the general appropriations act.