REFERENCE TITLE: state budget implementation; 2023-2024.

State of Arizona

Senate

Fifty-sixth Legislature

First Regular Session

2023

SB 1732

Introduced by

Senators Kavanagh: Hoffman (with permission of Committee on Rules)

An Act

appropriating monies; relating to implementation of budgetary fund revisions.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Unrestricted federal monies; essential government services; retroactivity

A. Any unrestricted federal monies received by this state beginning July 1, 2023 through June 30, 2024 shall be deposited in the state general fund. The monies shall be used to pay essential government services.

B. This section applies retroactively to from and after June 30, 2023.

Sec. 2. Budget stabilization fund; exceptions

Notwithstanding section 35-144, Arizona Revised Statutes:

1. For fiscal years 2023-2024, 2024-2025 and 2025-2026, the legislature is not required to appropriate monies to or transfer monies from the budget stabilization fund.

2. For fiscal year 2023-2024, the budget stabilization fund is not limited to ten percent of the state general fund revenue for the fiscal year, and the state treasurer may not transfer any surplus monies from the budget stabilization fund to the state general fund.