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House Engrossed |
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State of Arizona House of Representatives Fifty-fourth Legislature First Regular Session 2019
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HOUSE BILL 2432 |
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AN ACT
amending Title 35, chapter 2, article 2, Arizona Revised Statutes, by adding section 35-315.01; relating to state management of public monies.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 2, article 2, Arizona Revised Statutes, is amended by adding section 35-315.01, to read:
35-315.01. Contribution of pro rata share for banking services; banking operations fund
A. All state agencies shall contribute a pro rata share of the overall cost of banking services provided by the state treasurer's office. The pro rata share shall be payable by payroll fund source, and the resultant amount shall be deposited, pursuant to sections 35-146 and 35‑147, in the banking operations fund established by this section. The pro rata share shall be 0.1 percent of the total payroll of the state agency. Total payroll includes all fund sources, including the state general fund, federal monies, special revenue funds, intergovernmental revenue monies, trust funds and other payroll fund sources.
B. The banking operations fund is established consisting of monies contributed pursuant to subsection A of this section. The state treasurer's office shall administer the fund. Monies in the fund are subject to legislative appropriation. Any monies collected in excess of the amount appropriated to the state treasurer's office from the banking operations fund in each fiscal year shall be deposited in the state general fund.