The bill, H.B. 2911, introduces changes to the budget implementation for the fiscal year 2025. It mandates that any unrestricted federal funds received by Arizona from July 1, 2024, to June 30, 2025, be deposited into the state general fund and used for essential government services. This provision is retroactive to June 30, 2024. Additionally, the bill states that for the fiscal years 2024-2025, 2025-2026, and 2026-2027, the legislature is not required to appropriate or transfer funds from the Budget Stabilization Fund.

Furthermore, the bill suspends the cap on the Budget Stabilization Fund, allowing it to exceed the previous limit of 10% of the state general fund revenue for fiscal year 2024-2025. It also prohibits the State Treasurer from transferring any surplus from the Budget Stabilization Fund to the state general fund. These changes aim to provide flexibility in managing the state budget and ensuring the availability of funds for essential services.