Bill > SB1453

This bill makes a technical correction to Arizona law regarding the Arizona Power Authority's funds, specifically amending section 30-202 of the Arizona Revised Statutes. The changes clarify that certain provisions of Title 35, Chapter 1 of Arizona Revised Statutes, which generally govern fiscal matters and the handling of state monies, will apply to the authority's appropriated funds, as long as they don't conflict with the specific laws governing the authority. Importantly, the bill clarifies that the authority's fiscal year will not be divided into quarters, and its appropriated monies will be kept in separate funds as budgeted, not in the general fund. It also states that certain standard fiscal procedures like warrant limitations, appropriation lapsing, quarterly allotments, and continuing appropriation provisions will not apply to the authority, and that no monies or appropriations made for the authority will revert to the general fund.

https://apps.azleg.gov/BillStatus/BillOverview/85037