Second Regular Session S.B. 1091
COMMITTEE ON APPROPRIATIONS
SENATE AMENDMENTS TO S.B. 1091
(Reference to printed bill)
Page 1, line 15, strike "13,451,900 8,342,200" insert "13,451,900"
Line 33, strike "14,248,900 8,836,500" insert "14,248,900"
Page 2, line 9, strike "5,039,800 3,125,500" insert "5,039,800"
Page 3, line 43, strike "361,600,000" insert "93,500,000"
Strike line 45
Page 4, line 1, strike "1. $91,100,000 is"
Strike lines 4 through 11
Reletter to conform
After line 21, insert:
"Sec. 3. Supplemental appropriation; Arizona board of regents; financing agreements; notification; exemption
A. In addition to any other appropriations made in fiscal year 2021-2022, the sum of $273,500,000 is appropriated from the state general fund in fiscal year 2021-2022 to the Arizona board of regents for and on behalf of each state university to pay for the retirement or defeasance of the lease-purchase capital financing agreements entered into pursuant to section 15-1670, Arizona Revised Statutes, as amended by this act.
B. The executive director of the Arizona board of regents shall notify the director of the joint legislative budget committee not more than ten days after each retirement or defeasance is executed as required in subsection A of this section. Each notification shall include the date and final cost of each retirement or defeasance.
C. The monies appropriated in subsection A of this section are exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to the lapsing of appropriations. Any amounts remaining after the retirements or defeasances are executed as required by subsection A of this section revert to the state general fund."
Amend title to conform