The proposed bill, if enacted, would amend current statutes related to the implementation of budgetary revisions in Arizona. It would require the Director of the Arizona Department of Administration to consult with and accommodate the policies of the legislative branch's budget units when implementing personnel and financial management systems. Additionally, it would establish that any unrestricted federal funds received between July 1, 2025, and June 30, 2026, must be deposited into the state General Fund and used for essential government services. This provision would apply retroactively from June 30, 2025.

Furthermore, the bill would specify that for the fiscal years 2025-2026, 2026-2027, and 2027-2028, the legislature is not obligated to appropriate or transfer funds from the Budget Stabilization Fund. It would also remove the limitation on the Budget Stabilization Fund for FY 2026, allowing it to exceed ten percent of the state General Fund revenue, and prohibit the State Treasurer from transferring surplus funds from this stabilization fund to the General Fund. These changes aim to provide greater flexibility in managing state finances during the specified fiscal years.

Statutes affected:
Introduced Version: 41-703, 41-722