Bill Text: AZ SB1535 | 2018 | Fifty-third Legislature 2nd Regular | Introduced
Bill Title: Expenditure limitation; waiver of penalties.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-05-03 - Senate Committee of the Whole action: Do Pass [SB1535 Detail]
Download: Arizona-2018-SB1535-Introduced.html
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REFERENCE TITLE: expenditure limitation; waiver of penalties. |
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State of Arizona Senate Fifty-third Legislature Second Regular Session 2018
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SB 1535 |
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Introduced by Senator Yarbrough (with permission of Committee on Rules)
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AN ACT
relating to county expenditure limitations.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. County of La Paz; waiver of penalties for exceeding expenditure limitation; report; hearing; prohibition
A. The penalties prescribed by section 41-1279.07, subsection H, Arizona Revised Statutes, are waived for excess expenditures of local revenues by the county of La Paz in fiscal years 2013-2014, 2014-2015, 2015-2016, 2016-2017 and 2017-2018.
B. In fiscal years 2018-2019, 2019-2020, 2020-2021, 2021-2022 and 2022-2023, within ten months after the close of each fiscal year, the county of La Paz shall provide the speaker of the house of representatives, the president of the senate, the chairperson of the senate finance committee, or its successor committee, and the chairperson of the house of representatives ways and means committee, or its successor committee, a copy of all of the following:
1. The expenditure report as prescribed in section 41-1279.07, Arizona Revised Statutes.
2. The financial and compliance audit as prescribed in section 41‑1279.21, Arizona Revised Statutes.
3. If applicable, for each fiscal year in which the financial statements for the county were not completed and filed as prescribed by section 41-1279.07, Arizona Revised Statutes, on or before the adoption of the county budget in the subsequent fiscal year, the notice of pending financial statement filing included in the published budget as prescribed in section 11-661, Arizona Revised Statutes.
C. The chairperson of the senate finance committee or the chairperson of the house of representatives ways and means committee, or their successor committees, shall hold a hearing to determine compliance with subsection B of this section if the speaker of the house of representatives, the president of the senate, the chairperson of the senate finance committee, or its successor committee, or the chairperson of the house of representatives ways and means committee, or its successor committee, determines that such a hearing is necessary.
D. The county of La Paz may not seek a legislative waiver of penalties for excess expenditures of local revenues for a minimum of five years from and after the effective date of this act.
Sec. 2. Retroactivity
This act is effective retroactively to from and after June 30, 2013.
