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REFERENCE TITLE: adopted local budgets; amendments |
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State of Arizona House of Representatives Fifty-fifth Legislature Second Regular Session 2022
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HB 2318 |
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Introduced by Representative Kavanagh
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AN ACT
amending section 42-17105, Arizona Revised Statutes; relating to local government budgeting.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 42-17105, Arizona Revised Statutes, is amended to read:
42-17105. Adoption of budget
A. After the hearing on estimates under section 42-17104 is concluded, the governing body shall convene in a special meeting and finally determine and adopt estimates of proposed expenditures for the purposes stated in the published proposal.
B. The adopted estimates constitute the budget of the county, and the initial budget of the city or town for the current fiscal year. A city or town may amend the city's or town's budget during the fiscal year by following the budget requirements prescribed in this article. Notwithstanding section 42-17101, budget amendments do not have to be adopted on or before the third Monday in July each year. The amended estimates adopted by a budget alteration constitute the amended budget of the city or town for the current fiscal year.
C. The total amounts that are proposed to be spent in the budget of the county or the initial or amended budget shall of the city or town may not exceed the total of amounts that were proposed for expenditure in the published estimates of the county or the initial or amended estimates of the city or town.