ARIZONA STATE SENATE
Phoenix, Arizona
FACT SHEET FOR H.B. 2636/S.B. 1583
omnibus budget
reconciliation; public finances.
Makes statutory and session
law changes necessary for the implementation of budget measures relating to
public finances.
1. Increases, from $100 million to $200 million, the cap on the principal amount of board funding obligations (BFOs) that may be outstanding at any one time.
·
Authorizes,
under this increased cap, an additional BFO issue not to exceed $100 million in
FY 2001-2002. Requires the BFO to
mature no later than two calendar years after delivery.
·
Increases,
from $100 million to $200 million, the cap on the principal amount of the BFO
currently authorized for FY 2003-2004.
2. Requires, after July 1, 2001, up to $60 million of the proceeds from the sale of new BFOs to be deposited into the state highway fund (SHF) and up to $40 million to be deposited in a separate subaccount of the highway expansion and extension loan program (HELP) fund. Monies may be used by the Department of Transportation (ADOT) for eligible projects and to pay interest on BFOs.
3. Requires, after July 1, 2003, up to $60 million of the proceeds from the sale of BFOs to be deposited in the SHF and up to $140 million to be deposited in a separate subaccount of the HELP fund. Monies may be used by ADOT for eligible projects and to pay interest on BFOs.
4. Increases, from $800 million to $1 billion, the cap on the principal amount of parity bonds that the State Transportation Board may have outstanding at any one time.
5. Prohibits the five year transportation construction and regional freeway program scheduled for completion by 2007 from being delayed or postponed.
6. Continues, for FY 2001-2002 and FY 2002-2003, to redirect 9 percent of criminal justice enhancement fund monies formerly deposited in the state general fund to the crime laboratory assessment fund administered by the Department of Public Safety (DPS) in order to fund the DPS crime lab system.
7. Suspends, for FY 2001-2002 and FY 2002-2003, the statutory cap limiting the amount of highway user revenue fund and state highway fund monies available to support the DPS highway patrol.
8. Replaces, for FY 2001-2002 and FY 2002-2003, the statutory requirement that $5 million from the state general fund be appropriated to the water protection fund with the amount appropriated in the general appropriations act. (This amount is $2.5 million in each of FY 2001-2002 and FY 2002-2003.)
9. Redirects monies received in FY 2001-2002 and FY 2002-2003 via an interstate water banking agreement with Nevada from the water protection fund to the state general fund.
10. Requires the Executive Director of the Arizona Historical Society (AHS), rather than the Board of Directors, to verify and approve all expenditures of legislative appropriations.
11. Requires the State Treasurer, on notice from the Executive Director of the AHS, to invest and divest monies in the Journal of Arizona History magazine fund and the enterprise fund (permanent Arizona Historical Society revolving fund).
12. Redirects interest earned on the magazine fund and enterprise fund from the state general fund to each of the funds.
13. Transfers $1.6 million from the Attorney General’s (AG) collection enforcement revolving fund in FY 2001-2002 to the federal funds account (also administered by the AG) to address child abuse case backlogs and to meet case processing times established by the model court program.
14. Reverts unspent transferred monies to the state general fund on June 30, 2002.
15. Requires the AG to report to the Joint Legislative Budget Committee the actual and projected expenditures from the transfer by July 1, 2001 and quarterly thereafter until October 1, 2002.
16. Increases, from 0.9 percent of payroll in FY 2000-2001 to 0.95 percent of payroll in FY 2001-2002, the pro rata share that state agencies within the covered service of the Department of Administration (ADOA) personnel division must contribute to the ADOA personnel division fund. Sets the FY 2002-2003 rate at 1.04 percent.
17. Allows the Arizona Commission on the Arts to expend up to $91,000 in each of FY 2001-2002 and FY 2002-2003 from monies earned on the investment of the arts endowment fund for the technology development plan.
18. Allows expenditures from the public access fund, utility regulatory revolving fund, and securities regulatory and enforcement fund for administrative and legal expenses.
19. Eliminates the requirement to complete a program authorization review (PAR) of the water quality assurance revolving fund program in 2002 and every five years thereafter. (The PAR process was replaced by the strategic program area review process in 1999.)
20. Deposits, for FY 2001-2002 and FY 2002-2003, not less than 31.6 percent of power-ball revenues into the state lottery fund. Statutorily, at least 29 percent must be deposited. (This revenue flows to the state general fund, and the 31.6 percent represents the percentage deposited during the last biennium.)
21. Makes technical and conforming changes.
22. Provides for a general effective date.
Appropriates $25 million in general fund monies to the SHF annually beginning FY 2003-2004 to offset vehicle license tax (VLT) losses. Prohibits the five year transportation construction and regional freeway program scheduled for completion by 2007 from being delayed or postponed.
Items Vetoed by the Governor
Eliminates the annual $25 million general fund appropriation
into the SHF to offset vehicle license tax losses. As raised by the Legislature, the appropriation would have begun
in FY 2003-2004. As passed by the
Legislature, the appropriation would have begun FY 2003-2004.
Senate Action House Action
APPROP 4/11/01 DPA 12-0-0 APPROP 4/11/01 DPA 13-2-1-0
3rd Read 4/12/01 24-6-0 3rd Read 4/11/01 51-5-4-0
Action by the Governor – LIV 4/24/01
Chapter # 238
Prepared by Senate Staff
May 7, 2001