The proposed bill seeks to amend section 30-202 of the Arizona Revised Statutes, specifically regarding the Arizona Power Authority. It introduces new language that clarifies the applicability of certain provisions related to the handling and disbursement of appropriated funds. The bill retains the current statute's stipulations while removing references to "chapter 1" and "title 35" in specific contexts, thereby streamlining the language for clarity.

Under the new law, the fiscal year of the authority will continue to operate without being divided into fiscal quarters, and appropriated funds will remain separate from the general fund. Additionally, the bill ensures that provisions related to warrant limitations, lapsing of appropriations, and quarterly allotments will not apply to the authority. It also maintains that no reversion of funds to the general fund is required for any appropriations made for the authority.

Statutes affected:
Introduced Version: 30-202