Bill Text: AZ HB2027 | 2023 | Fifty-sixth Legislature 1st Regular | Engrossed

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Bill Title: Appropriation; unfunded liability; CORP

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2023-03-21 - Senate APPROP Committee action: Failed To Pass, voting: (3-7-0-0) [HB2027 Detail]

Download: Arizona-2023-HB2027-Engrossed.html

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House Engrossed

 

appropriation; unfunded liability; CORP

 

 

 

 

State of Arizona

House of Representatives

Fifty-sixth Legislature

First Regular Session

2023

 

 

 

HOUSE BILL 2027

 

 

An Act

 

amending title 38, chapter 5, article 6, Arizona Revised Statutes, by adding section 38-915; repealing section 38-915, Arizona Revised Statutes; appropriating monies; relating to the public pension liability.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 38, chapter 5, article 6, Arizona Revised Statutes, is amended by adding section 38-915, to read:

START_STATUTE38-915. Repayment; counties; pension liability; payment schedule; state treasurer notification

A. From and after June 30, 2023 through June 30, 2033, the following amounts shall be paid annually by the following counties to repay this state for the amounts paid in fiscal year 2022-2023 on the local governments' behalf to the corrections officer retirement plan for unfunded accrued liability:

1. Apache county                               $ 73,200

2. Cochise county                              $  281,400

3. Coconino county                             $  613,900

4. Gila county                                 $  198,000

5. Graham county                               $ 35,000

6. Greenlee county                             $ 23,000

7. La Paz county                               $ 40,800

8. Maricopa county                             $17,112,200

9. Mohave county                               $  403,800

10. Navajo county                              $  181,600

11. Pima county                                $ 2,145,200

12. Pinal county                               $ 1,077,200

13. Santa cruz county                          $  102,900

14. Yavapai county                             $ 1,224,500

15. Yuma county                                $  675,400

B. not later than January 15 of each year, the state treasurer shall annually bill Each county specified in subsection A of this section the amount due. The county may pay an additional amount in any year, and the additional amount paid will be credited against the last scheduled remaining payment due for that county. The state treasurer shall include in each billing statement the county's remaining payment schedule.

C. If a county specified in subsection A of this section fails to pay the annual repayment amount in full on or before March 15, the state treasurer shall withhold the amount owed from the distribution of monies to the affected county pursuant to section 42-5029 and continue to withhold monies until the entire amount of the annual repayment amount has been satisfied. All monies paid to the state treasurer or withheld by the state treasurer shall be deposited, pursuant to sections 35-146 and 35-147, in the state general fund. END_STATUTE

Sec. 2. Delayed repeal

Section 38-915, Arizona Revised Statutes, as added by this act, is repealed from and after June 30, 2034.

Sec. 3. Appropriation; administrative office of the courts; corrections officer retirement plan; unfunded liability

A. In addition to any other appropriations made in fiscal year 2022-2023, the sum of $428,813,700 is appropriated from the state general fund in fiscal year 2022-2023 to the public safety personnel retirement system to be deposited in the administrative office of the courts corrections officer retirement plan group employer account to pay the unfunded accrued liability.

B. The board of trustees of the public safety personnel retirement system shall account for the appropriation made in subsection A of this section in the June 30, 2023 actuarial valuation of the corrections officer retirement plan.  The board shall account for the appropriation when calculating the employee contribution rates and the employer contribution rates pursuant to section 38-891, Arizona Revised Statutes, during fiscal year 2023-2024.

Sec. 4. Appropriation reductions; judiciary; fiscal year 2023-2024

The sum of ($10,114,100) is reduced from appropriations made from the state general fund in fiscal year 2023-2024 to the following judiciary-superior court line items:

1. Adult standard probation                    ($3,813,600)

2. Adult intensive probation                   ($2,263,700)

3. Community punishment                        ($ 101,400)

4. Interstate compact                          ($  83,500)

5. Drug court                                  ($ 137,500)

6. Juvenile standard probation                 ($ 668,000)

7. Juvenile intensive probation                ($1,136,500)

8. Juvenile treatment services                 ($ 753,300)

9. Juvenile diversion consequences             ($1,156,600)

Sec. 5. Emergency

This act is an emergency measure that is necessary to preserve the public peace, health or safety and is operative immediately as provided by law.