This bill proposes amendments to sections 15-341 and 15-904 of the Arizona Revised Statutes, while repealing section 15-1224. The amendments include the deletion of outdated language regarding the handling of school district finances, specifically the removal of references to section 15-1224, which is being repealed. Additionally, the bill updates the deadlines for the publication of annual financial reports by school districts, changing the submission date from November 15 to August 15 for the report format and requiring the report to be prepared and distributed by October 15.

Furthermore, the bill mandates that school districts close any bank accounts associated with the repealed section 15-1224 and transfer any remaining funds to the county treasurer, aligning with the updated financial management practices outlined in section 15-341. The amendments also enhance the reporting requirements by specifying the inclusion of detailed expenditure information and ensuring that the financial reports are accessible to the public through electronic means. Overall, the bill aims to streamline school district financial reporting and improve transparency in financial management.

Statutes affected:
Introduced Version: 15-341, 15-904, 15-1224, 15-717.01, 15-701, 15-701.01, 15-481, 15-491, 15-342, 15-1125, 15-1126, 15-1223, 13-3108, 13-3120, 15-764, 15-761, 13-706, 13-105, 15-157, 15-107, 2008-2009, 39-101, 36-2267, 3-365, 41-5701.02, 41-5711, 15-1102, 11-255, 15-255, 2020-2021, 15-746, 15-747