HB2610 proposes changes to the Budget Stabilization Fund (BSF) in Arizona. The bill seeks to repeal the current cap on the fiscal year-end balance of the BSF, which is set at 10% of annual General Fund (GF) revenues. Under existing law, any surplus in the BSF exceeding this cap is automatically transferred back to the GF.

The bill would eliminate the requirement that the BSF balance cannot exceed 10% of GF revenues and remove the automatic transfer of excess funds to the GF. Additionally, the bill includes conforming changes to align with these amendments.

Statutes affected:
Introduced Version: 35-144