Second Regular Session H.B. 2017
PROPOSED
SENATE AMENDMENTS TO H.B. 2017
(Reference to House engrossed bill)
Page 2, after line 44, insert:
"Sec. 2. Community college districts; expenditure limitations; withholding
Notwithstanding section 41-1279.07, Arizona Revised Statutes, for fiscal years 2022-2023 and 2023-2024, if a community college district exceeds its expenditure limitation prescribed in article IX, section 21, Constitution of Arizona, and pursuant to section 41-563, Arizona Revised Statutes, the community college district shall have its state aid pursuant to section 15-1466, Arizona Revised Statutes, withheld as follows:
1. If the excess expenditures are less than five percent of the limitation, an amount equal to $5,000.
2. If the excess expenditures are equal to or greater than five percent but less than ten percent of the limitation, an amount equal to $15,000.
3. If the excess expenditures are equal to or greater than ten percent but less than twelve percent of the limitation, an amount equal to $20,000.
4. If the excess expenditures are equal to or greater than twelve percent of the limitation, an amount calculated pursuant to section 41-1279.07, Arizona Revised Statutes."
Renumber to conform
Page 3, line 17, after "date" insert "; retroactivity"
Line 18, before "Section" insert "A."
Page 3, after line 19, insert:
B. Section 2 of this act applies retroactively to from and after June 30, 2021."
Amend title to conform