The proposed bill seeks to amend section 9-418 of the Arizona Revised Statutes, specifically updating the reporting requirements for trustees of municipalities. Under current law, the trustees are required to report to the governing body by the first Monday of July each year, detailing property and money received, along with how it was used and expended. The bill modifies this deadline to the second Monday of July and changes the terminology from "money" to "monies" for clarity. Additionally, it specifies that any other statistics, information, and suggestions provided in the report should be of general interest.

Furthermore, the bill mandates that a financial report showing all receipts and disbursements must be made by the secretary of the board of trustees, with the same terminology change from "money" to "monies." The requirement for the report to be verified by oath remains unchanged. Overall, the bill aims to modernize the language and improve the clarity of the reporting process without altering the fundamental obligations of the trustees.

Statutes affected:
Introduced Version: 9-418