Senate Engrossed

state budget implementation; 2024-2025.

State of Arizona

Senate

Fifty-sixth Legislature

Second Regular Session

2024

SENATE BILL 1749

An Act

appropriating monies; relating to implementation of budgetary fund revisions.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Unrestricted federal monies; essential government services; retroactivity

A. Any unrestricted federal monies received by this state beginning July 1, 2024 through June 30, 2025 shall be deposited in the state general fund. The monies shall be used to pay essential government services.

B. This section applies retroactively to from and after June 30, 2024.

Sec. 2. Budget stabilization fund; exceptions

Notwithstanding section 35-144, Arizona Revised Statutes:

1. For fiscal years 2024-2025, 2025-2026 and 2026-2027, the legislature is not required to appropriate monies to or transfer monies from the budget stabilization fund.

2. For fiscal year 2024-2025, the budget stabilization fund is not limited to ten percent of the state general fund revenue for the fiscal year, and the state treasurer may not transfer any surplus monies from the budget stabilization fund to the state general fund.