The proposed bill, if enacted, would introduce several significant updates to current statutes regarding budget implementation and the management of state funds. Specifically, it would insert provisions that prohibit any person from serving as a state officer or employee if their compensation is funded in whole or in part by private monies, with exceptions for certain departments and public universities. Additionally, the bill would define "private monies" and rename the "Arizona Commission of African-American Affairs" to the "Arizona Office of African-American Affairs." It would also require the Director of the Arizona Department of Administration to consult with legislative budget units during the implementation of personnel and financial data management systems.

Furthermore, the bill would establish that for fiscal years 2025-2026 through 2027-2028, the legislature is not required to appropriate or transfer funds from the Budget Stabilization Fund, and it would suspend the cap on this fund for FY 2026. Unrestricted federal funds received during FY 2026 would be mandated to be deposited into the state general fund for essential services. The bill also includes retroactive provisions and makes various technical and conforming changes to existing statutes.

Statutes affected:
Introduced Version: 16-168.01, 16-168.02, 41-531, 41-532, 41-533, 41-534, 16-168, 35-190, 2025-2026, 42-5029, 41-2955, 35-313
Senate Engrossed Version: 35-149.01, 41-531, 41-532, 41-533, 41-534, 41-1001, 41-2955, 35-313, 35-190
Chaptered Version: 35-149.01, 41-531, 41-532, 41-533, 41-534, 41-1001, 41-2955, 35-313, 35-190