Bill > SB1117

This bill modifies Arizona state law to expand the definition of "public agency" and clarify provisions related to benefits, insurance, and trust funds for political subdivision entities. Specifically, the bill updates Section 11-951 to explicitly list various types of public agencies, including federal government departments, Indian tribes, states, counties, school districts, fire districts, cities, towns, municipal corporations, and political subdivision entities. In Section 11-981, the bill adds "political subdivision entity" to the list of entities that can procure insurance or establish self-insurance programs for benefits, losses, and claims. The bill allows these entities, particularly those in counties with over one million residents, to create trust funds for managing benefits and insurance, with specific requirements such as designating a risk management consultant, establishing at least five joint trustees, ensuring trustees are bonded, incorporating stop-loss provisions, and conducting annual external audits. The legislation defines "political subdivision entity" by referencing its meaning in another section of Arizona law (Section 38-711), and ensures that any health benefit plans must conform to state insurance regulations. The changes aim to provide more flexibility and clarity for political subdivisions in managing their insurance and benefits programs.

Budget and Finance, Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/82014