technical correction; power authority; monies
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
Senate Bill 1453 makes a technical correction to the Arizona Revised Statutes regarding the Arizona Power Authority’s financial management. Specifically, it clarifies how funds received by the authority – including appropriations and operational revenue – are classified and managed. The bill also outlines specific rules regarding the use of funds, particularly those designated for debt reserve and prohibits the mixing of authority funds with the general fund.
Key provisions
- Defines ‘appropriated funds’ and ‘operation funds’ for the Arizona Power Authority.
- Establishes a debt reserve fund for bond payments.
- Specifies that authority funds cannot be mixed with the general fund.
- Outlines rules regarding fiscal year divisions and appropriation allotments.
- Prohibits the reversion of authority monies to the general fund.
- References chapter 1, title 35, chapter 1 for applicable financial guidelines.
Who is affected
- Arizona Power Authority
- State of Arizona Legislature
- State Budget Office
Notable changes
- Clarifies the distinction between appropriated and operational funds.
- Reinforces the separation of authority finances from the general fund.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours