This bill proposes to amend current statutes by establishing a specific penalty for the Town of Wellton for exceeding its constitutional expenditure limitation during the fiscal year 2022-2023. The new language specifies that the penalty will be set at $100, overriding existing provisions in section 41-1279.07, subsections H and I of the Arizona Revised Statutes, which govern penalties for excess expenditures.

Additionally, the bill includes a retroactive application clause, stating that the provisions will apply from and after June 30, 2022. This means that any excess expenditures incurred by the Town of Wellton during that fiscal year will be subject to the newly established penalty, effectively updating the current legal framework regarding expenditure limitations for the town.

Statutes affected:
Introduced Version: 45-576.11
Senate Engrossed Version: 45-576.11