The bill HB2205 proposes an amendment to Arizona Revised Statutes section 20-466, specifically regarding the funding of the Department of Insurance and Financial Institutions' (DIFI) Insurance Fraud Unit. The key change introduced by this bill is that it exempts appropriated funds for the Fraud Unit from lapsing, which means that any unspent funds will not revert to the state General Fund at the end of the fiscal year as they typically would under current law.

Under current law, all appropriated funds for the Fraud Unit must be used exclusively for its operation, and any remaining balances at the end of the fiscal year lapse. The new bill language ensures that funds allocated to the Fraud Unit remain available for future use, potentially allowing for more effective management of resources dedicated to combating insurance fraud.

Statutes affected:
Introduced Version: 20-466
House Engrossed Version: 20-466