Bill > HB2973

This bill addresses state budget implementation for fiscal year 2026 and contains two primary provisions. First, it mandates that any unrestricted federal monies received by the state between July 1, 2025, and June 30, 2026, must be deposited into the state general fund and used to pay for essential government services, with retroactive applicability from June 30, 2025. Second, the bill modifies rules related to the budget stabilization fund (a reserve fund for financial emergencies) for fiscal years 2025-2026, 2026-2027, and 2027-2028. During these years, the legislature is not required to make mandatory appropriations to or transfers from the budget stabilization fund, and for fiscal year 2025-2026 specifically, the fund's typical 10% revenue limitation is suspended, and the state treasurer is prohibited from transferring any surplus funds from the stabilization fund to the general fund. These provisions appear designed to provide the state with more flexibility in managing its financial resources during the specified fiscal years.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/83506