Bill > HB2960

This bill modifies several sections of Arizona law related to state budget management and financial operations. The bill updates sections 41-703 and 41-722 to replace gender-specific language with gender-neutral terms and adds requirements for the director of the department to consult with and accommodate legislative branch budget units when implementing personnel and financial data management systems. Additionally, the bill includes provisions for handling federal monies and budget stabilization fund management. Specifically, for fiscal years 2025-2026, 2026-2027, and 2027-2028, the legislature is not required to appropriate or transfer monies to the budget stabilization fund, and for fiscal year 2025-2026, the fund is not limited to the typical ten percent of state general fund revenue, and no surplus transfers will be made to the general fund. The bill also mandates that any unrestricted federal monies received by the state between July 1, 2025, and June 30, 2026, will be deposited in the state general fund and used to pay for essential government services, with the provision applying retroactively from June 30, 2025.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/83459