Arizona 2026 Regular Session

Arizona Senate Bill SB1453

Caption

technical correction; power authority; monies

Impact

The proposed adjustments in SB1453 are expected to impact the way the Arizona Power Authority categorizes its funds and handles its financial record-keeping. By clearly defining appropriated and operation funds, this bill encourages a more systematic approach to managing financial resources, which could lead to more effective allocation and use of state funds. The amendment provides that all funds from legislative appropriation are classified differently from operational revenue, which may help prevent fiscal mismanagement and ensure that funds are traceable to their intended purposes.

Summary

SB1453, introduced by Senator Farnsworth, seeks to amend section 30-202 of the Arizona Revised Statutes, specifically regarding the Arizona Power Authority. The bill primarily focuses on clarifying the definitions of funds, including 'appropriated funds' and 'operation funds', and outlines the management of such funds by the authority. This legislative change aims to enhance financial oversight and management within the authority, potentially improving operational efficiency and accountability in fiscal practices.

Contention

While the bill aims to streamline financial processes, there may be concerns about the implications for fiscal flexibility at the Arizona Power Authority. Critics may argue that the strict classifications could limit how funds are utilized, potentially hampering the authority's ability to respond swiftly to unforeseen fiscal challenges. Additionally, the language around the debt reserve fund might raise questions regarding how best to manage unexpected revenue needs or emergencies, making this an area of potential disagreement among stakeholders.

Companion Bills

No companion bills found.

Previously Filed As

AZ HB2266

Technical correction; wage board; powers

AZ HB2265

Technical correction; revenue bond authority

AZ SB1666

Tourism; sports authority; technical correction

AZ HCR2020

Technical correction; universities; admissions

AZ HB2328

Technical correction; liquor licenses

AZ HCR2008

Bulk food; technical correction

AZ HB2185

Exchange teachers; technical correction

AZ HB2143

Water resources; technical correction.

AZ HB2377

Water resources; technical correction

AZ HB2106

Technical correction; supplemental environmental project

Similar Bills

MD HB390

Budget Bill (Fiscal Year 2027)

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB280

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1161

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.