Bill Text: AZ HB2373 | 2021 | Fifty-fifth Legislature 1st Regular | Chaptered
Bill Title: Expenditure limitation; community colleges
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2021-07-09 - Chapter 421 [HB2373 Detail]
Download: Arizona-2021-HB2373-Chaptered.html
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Senate Engrossed House Bill
voter registration groups; forms; identifiers (now: forms; identifiers; voter registration groups) (now: expenditure limitation; community colleges) |
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State of Arizona House of Representatives Fifty-fifth Legislature First Regular Session 2021
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CHAPTER 421
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HOUSE BILL 2373 |
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AN ACT
relating to community colleges.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Community college districts; expenditure limitations; penalty; retroactivity
A. Notwithstanding section 41-1279.07, Arizona Revised Statutes, for fiscal year 2021-2022, if a community college district exceeds its expenditure limitation prescribed in article IX, section 21, Constitution of Arizona, and pursuant to section 41-563, Arizona Revised Statutes, the community college district shall have state aid pursuant to section 15-1466, Arizona Revised Statutes, withheld as follows:
1. If the excess expenditures are less than five percent of the limitation, an amount equal to $5,000.
2. If the excess expenditures are equal to or greater than five percent, but less than ten percent of the limitation, an amount equal to $15,000.
3. If the excess expenditures are equal to or greater than ten percent, but less than twelve percent of the limitation, an amount equal to $20,000.
4. If the excess expenditures are equal to or greater than twelve percent of the limitation, the amount shall be calculated according to section 41-1279.07, Arizona Revised Statutes.
B. Subsection A of this section applies retroactively to from and after June 30, 2020.
APPROVED BY THE GOVERNOR JULY 9, 2021.
FILED IN THE OFFICE OF THE SECRETARY OF STATE JULY 9, 2021.
