Arizona 2024 2024 Regular Session

Arizona House Bill HB2911 Chaptered / Bill

Filed 06/26/2024

                    House Engrossed   state budget implementation; 2024-2025           State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024           CHAPTER 223       HOUSE BILL 2911              An Act   appropriating monies; relating to implementation of budgetary fund revisions.     (TEXT OF BILL BEGINS ON NEXT PAGE)   

 

 

House Engrossed   state budget implementation; 2024-2025
State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
CHAPTER 223
HOUSE BILL 2911

House Engrossed

 

state budget implementation; 2024-2025

 

 

 

State of Arizona

House of Representatives

Fifty-sixth Legislature

Second Regular Session

2024

 

 

 

CHAPTER 223

 

HOUSE BILL 2911

 

 

 

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, 2024 through June 30, 2025 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, 2024. Sec. 2. Budget stabilization fund; exceptions Notwithstanding section 35-144, Arizona Revised Statutes: 1. For fiscal years 2024-2025, 2025-2026 and 2026-2027, the legislature is not required to appropriate monies to or transfer monies from the budget stabilization fund. 2. For fiscal year 2024-2025, 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. 

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, 2024 through June 30, 2025 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, 2024.

Sec. 2. Budget stabilization fund; exceptions

Notwithstanding section 35-144, Arizona Revised Statutes:

1. For fiscal years 2024-2025, 2025-2026 and 2026-2027, the legislature is not required to appropriate monies to or transfer monies from the budget stabilization fund.

2. For fiscal year 2024-2025, 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.

       APPROVED BY THE GOVERNOR JUNE 18, 2024.   FILED IN THE OFFICE OF THE SECRETARY OF STATE JUNE 18, 2024. 

 

 

 

APPROVED BY THE GOVERNOR JUNE 18, 2024.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE JUNE 18, 2024.