Bill Text: AZ SB1130 | 2023 | Fifty-sixth Legislature 1st Regular | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Deferred payments; prohibition

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2023-03-29 - Chapter 12 [SB1130 Detail]

Download: Arizona-2023-SB1130-Engrossed.html

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Senate Engrossed

 

technical correction; budget report

(now: deferred payments; prohibition)

 

 

 

State of Arizona

Senate

Fifty-sixth Legislature

First Regular Session

2023

 

 

 

SENATE BILL 1130

 

 

 

An Act

 

amending title 35, chapter 1, article 5, Arizona Revised Statutes, by adding section 35-190.01; relating to public finances.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1. Title 35, chapter 1, article 5, Arizona Revised Statutes, is amended by adding section 35-190.01, to read:

START_STATUTE35-190.01. Deferral of obligation; future fiscal year; prohibition; exceptions

A. Except as provided in section 35-190 and subsection B of this section, an obligation of this state that is required by law to be PAID with state general fund monies in one fiscal year may not be deferred in whole or in part for payment in another fiscal year.

B. This section does not apply to funding deferrals for basic state aid and additional state aid entitlement that otherwise would be apportioned to school districts pursuant to section 15-973. END_STATUTE