The bill amends section 41-563 of the Arizona Revised Statutes, focusing on expenditure limitations for political subdivisions, community college districts, and school districts. Key changes include updating the definition of "base limit" for school districts from fiscal year 1979-1980 to fiscal year 2024-2025, and adjusting reporting deadlines for various entities. Specifically, the deadlines for reporting to governing boards and the legislature have been changed from "prior to" to "before" specific dates, and the aggregate student population and GDP price deflator references have been updated to reflect more recent years.

Additionally, the bill modifies the process for determining expenditure limits in the event of county divisions or community college district consolidations, ensuring that the calculations are based on current population and revenue data. The language has been refined to clarify the methods for establishing expenditure limits for new counties and community college districts, while also ensuring that adjustments to base limits are made in accordance with the transfer of governmental functions. Overall, the bill aims to modernize and clarify the expenditure limitation framework in Arizona.

Statutes affected:
Introduced Version: 41-563