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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
House: PSLE DP 8-3-0-4 | APPROP DP 10-8-0-0 |
HB 4044: public safety parity fund
Sponsor: Representative Weninger, LD 13
House Engrossed
Overview
Establishes the Public Safety Parity Fund (PSPF) to provide retention pay and benefits for Department of Public Safety (DPS) and State Department of Corrections (DOC) employees. Redirects Budget Stabilization Fund (BSF) investment earnings to fund the PSPF.
History
The BSF, colloquially known as Arizona's "Rainy Day Fund", was enacted in 1990 to set revenue aside during times of above-trend economic growth and to utilize this revenue during times of below-trend growth. The BSF is administered by the State Treasurer, who is responsible for transferring state General Fund (GF) monies into and out of the BSF. Additionally, the State Treasurer is allowed to invest up to 25% of the BSF in equity securities, in addition to its authority to invest and reinvest trust and treasury monies. Investment earnings are credited back to the BSF (A.R.S. §§ 35-144; 35-314.02).
The Parity Compensation Fund is administered by DPS and is used to fund the salaries and benefits for law enforcement personnel. The fund consists of 1.51% of the portion of vehicle license tax revenues that are otherwise deposited in the State Highway Fund, and monies appropriated by the Legislature (A.R.S. § 41-1720).
Provisions
1. Redirects investment earnings from the BSF to the PSPF, instead of crediting those earnings to the BSF, but requires the first $10,000,000 generated annually to remain in the BSF. (Sec. 1)
2. Establishes the PSPF to provide retention pay and benefits for DPS and DOC employees. (Sec. 2)
3. Directs DOC to administer the PSPF. (Sec. 2)
4. Subjects the PSPF to legislative appropriation. (Sec. 2)
5. Requires DOC to deposit 40% of the monies from the PSPF into the Parity Compensation Fund each fiscal year beginning June 30, 2027. (Sec. 2)
6. Prescribes the method for determining the annual expenditures from the PSPF. (Sec. 2)
7. Directs DOC to distribute monies from the PSPF on July 1 and December 31 each year. (Sec. 2)
8. Requires DPS to use Parity Compensation Fund monies to provide retention pay and benefits for department employees, in addition to providing salaries and benefits for law enforcement personnel. (Sec. 3)
9. Allows DOC to use a maximum of 3% of the PSPF, and DPS to use a maximum of 3% of Parity Compensation Fund monies deposited from the PSPF, to provide a retention bonus for department employees. (Sec. 2, 3)
10. Makes technical and conforming changes. (Sec. 1, 3)
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14. Initials NM/AI HB 4044
15. 3/9/2026 Page 0 House Engrossed
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