The proposed bill, if enacted, would update current statutes by allowing counties with populations under 250,000 to meet fiscal obligations from any designated county revenue source, including funds from special taxing jurisdictions. It would also impose a cap of $1,250,000 on the amount that can be used for purposes outside the intended revenue source. Additionally, the bill mandates that these counties report by October 1, 2025, to the Director of the Joint Legislative Budget Committee regarding any use of revenue sources for unintended purposes and the specific amounts intended for fiscal year 2025-2026.

Furthermore, the bill would authorize Gila County to utilize funds appropriated for a veterans retreat to establish and operate facilities providing services to veterans. This provision aims to enhance local government capabilities in serving veterans while ensuring compliance with budgetary constraints. Overall, the bill seeks to streamline fiscal management for smaller counties and improve services for veterans.