| 69 | | - | Be it enacted by the Legislature of the State of Arizona: Section 1. Section 35-121, Arizona Revised Statutes, is amended to read: START_STATUTE35-121. Format of appropriations; basic state aid; additional state aid A. The format of the appropriations for the support and maintenance of state departments and institutions shall be for each fiscal year for all budget units. B. The format of the appropriations for the support and maintenance of the department of education and the superintendent of public instruction for each fiscal year shall recognize the basic state aid and additional state aid entitlement paid to school DISTRICTS in the same fiscal year as the fiscal year that the school districts budget capacity recognizes the state aid. END_STATUTE Sec. 2. Section 35-125, Arizona Revised Statutes, is amended to read: START_STATUTE35-125. Revenue and expenditure estimates; three-year plan; balanced budget; public hearing A. The general appropriation act must be BALANCED for each fiscal year. The general appropriation act is balanced for a fiscal year if the unreserved general fund beginning balance, together with the general fund revenue estimate for that fiscal year, is equal to or greater than the general fund expenditure estimate for that fiscal year. B. The general appropriation act shall include a provision that delineates the revenue and expenditure estimates for the following three years. The expenditure estimates shall be based on existing statutory funding requirements. The expenditure estimates must be BALANCED for each fiscal year. The estimates are balanced for a fiscal year if the unreserved general fund beginning balance, together with the general fund revenue estimate for that fiscal year, is equal to or greater than the general fund expenditure estimate for that fiscal year. C. The expenditure estimates must recognize any spending authorized in the budget year that was also authorized in the prior fiscal year as ongoing spending for the purposes of calculating the structural balance of the fiscal year. D. Before the adoption of the general appropriation act, the legislature shall discuss the estimates in a public hearing. END_STATUTE Sec. 3. Appropriation; reduction; school districts; ending cash balances; basic state aid; additional state aid A. The amount owed to each school district in fiscal year 2025-2026 for basic state aid and additional state aid entitlements pursuant to Laws 2024, chapter 209, section 143, subsection B is reduced by the school district's total ending cash balances as of June 30, 2024 from the school district's maintenance and operations fund or unrestricted capital outlay fund reported in the school district's annual financial report for fiscal year 2023-2024 pursuant to section 15-904, Arizona Revised Statutes, that was not included in the school district's adopted budget for fiscal year 2024-2025 pursuant to section 15-905, Arizona Revised Statutes. B. Notwithstanding any other law, for fiscal year 2025-2026, the governing board of a school district may use any portion of the school district's total ending cash balances as of June 30, 2024 from the school district's maintenance and operations fund or unrestricted capital outlay fund reported in the school district's annual financial report for fiscal year 2023-2024 pursuant to section 15-904, Arizona Revised Statutes, that was not included in the school district's adopted budget for fiscal year 2024-2025 pursuant to section 15-905, Arizona Revised Statutes, to replace any re<<Sec. 3. Appropriation; reduction; school districts; ending cash balances; basic state aid; additional state aid [A. The amount owed to each school district in fiscal year 2025-2026 for basic state aid and additional state aid entitlements pursuant to Laws 2024, chapter 209, section 143, subsection B is reduced by the school district's total ending cash balances as of June 30, 2024 from the school district's maintenance and operations fund or unrestricted capital outlay fund reported in the school district's annual financial report for fiscal year 2023-2024 pursuant to section 15-904, Arizona Revised Statutes, that was not included in the school district's adopted budget for fiscal year 2024-2025 pursuant to section 15-905, Arizona Revised Statutes. B. Notwithstanding any other law, for fiscal year 2025-2026, the governing board of a school district may use any portion of the school district's total ending cash balances as of June 30, 2024 from the school district's maintenance and operations fund or unrestricted capital outlay fund reported in the school district's annual financial report for fiscal year 2023-2024 pursuant to section 15-904, Arizona Revised Statutes, that was not included in the school district's adopted budget for fiscal year 2024-2025 pursuant to section 15-905, Arizona Revised Statutes, to replace any revenue resulting from the reduction required by subsection A of this section. |
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| 78 | + | Be it enacted by the Legislature of the State of Arizona: Section 1. Section 35-121, Arizona Revised Statutes, is amended to read: START_STATUTE35-121. Format of appropriations; basic state aid; additional state aid A. The format of the appropriations for the support and maintenance of state departments and institutions shall be for each fiscal year for all budget units. B. The format of the appropriations for the support and maintenance of the department of education and the superintendent of public instruction for each fiscal year shall recognize the basic state aid and additional state aid entitlement paid to school DISTRICTS in the same fiscal year as the fiscal year that the school districts budget capacity recognizes the state aid. END_STATUTE Sec. 2. Section 35-125, Arizona Revised Statutes, is amended to read: START_STATUTE35-125. Revenue and expenditure estimates; three-year plan; balanced budget; public hearing A. The general appropriation act must be BALANCED for each fiscal year. The general appropriation act is balanced for a fiscal year if the unreserved general fund beginning balance, together with the general fund revenue estimate for that fiscal year, is equal to or greater than the general fund expenditure estimate for that fiscal year. B. The general appropriation act shall include a provision that delineates the revenue and expenditure estimates for the following three years. The expenditure estimates shall be based on existing statutory funding requirements. The expenditure estimates must be BALANCED for each fiscal year. The estimates are balanced for a fiscal year if the unreserved general fund beginning balance, together with the general fund revenue estimate for that fiscal year, is equal to or greater than the general fund expenditure estimate for that fiscal year. C. The expenditure estimates must recognize any spending authorized in the budget year that was also authorized in the prior fiscal year as ongoing spending for the purposes of calculating the structural balance of the fiscal year. D. Before the adoption of the general appropriation act, the legislature shall discuss the estimates in a public hearing.END_STATUTE |
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