Bill Text: AZ SB1121 | 2010 | Forty-ninth Legislature 2nd Regular | Introduced

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Bill Title: School districts; carryforward balance

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2010-02-24 - Referred to Senate APPROP Committee [SB1121 Detail]

Download: Arizona-2010-SB1121-Introduced.html

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REFERENCE TITLE: school districts; carryforward balance

 

 

 

 

State of Arizona

Senate

Forty-ninth Legislature

Second Regular Session

2010

 

 

SB 1121

 

Introduced by

Senators Huppenthal: Allen S, Gray L

 

 

AN ACT

 

prescribing temporary changes to the use of carryforward monies by school districts.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  School districts; carryforward balance; suspension

Notwithstanding section 15-943.01, subsection A, Arizona Revised Statutes, for fiscal years 2010‑2011, 2011‑2012 and 2012‑2013, the governing board of a school district may budget any budget balance in the maintenance and operation section of the budget, as provided in section 15-903, Arizona Revised Statutes, from the current fiscal year for use in the maintenance and operation section of the budget in the budget year without limitation.  The amount budgeted as the budget balance carryforward pursuant to this section is specifically exempt from the revenue control limit and is an increase to the general budget limit of the budget year.

Sec. 2.  Retroactivity

This act is effective retroactively to from and after June 30, 2010.