The proposed bill introduces several amendments to the Arizona Revised Statutes, focusing on expenditure limitations. It repeals section 15-911 and amends sections 12-262, 15-1285, 17-266, 22-117, 41-563, 42-5010, and 42-5010.01. The bill changes the terminology from "funds" to "monies" and simplifies language, such as replacing "shall" with "be used to" and "will" with "be used to." It also updates the guidelines for the use of monies received under certain articles, specifying that they should be used primarily for paying salaries of probation officers and to supplement county funds for probation services.

The bill also makes adjustments to the economic estimates commission's responsibilities, including increasing county base expenditure limits and exempting school districts and career technical education districts from budgetary, expenditure, or revenue control limits that would restrict their ability to accept or expend monies. It updates the maximum project cost for construction by employees or force account to $35,000 and adjusts the base limit of political subdivisions or community college districts to reflect the transfer of governmental functions. Additionally, the bill modifies the distribution base percentages for tax revenues collected under various business classifications for the purposes of section 42-5029 and clarifies that certain tax rate increases do not apply for 120 days after the effective date to the gross proceeds of sales or gross income from business with respect to written contracts entered into before the tax rate increase.

Statutes affected:
Introduced Version: 12-262, 15-911, 15-1285, 17-266, 22-117, 41-563, 42-5010, 42-5010.01, 12-251, 12-269, 2006-2007, 36-2901.01, 36-2901.04, 11-292, 41-2535, 41-2572, 1986-1987, 1979-1980, 42-17101, 15-1466.01, 15-1471, 15-1401, 15-1469, 15-1469.01, 1978-1979, 42-5008.01, 42-5070, 42-5076, 42-5005, 42-5072, 42-5069, 42-5029, 42-5075, 42-5032.02