Arizona SB 1515: drug possession; medical assistance; probation

Bill Text

SB1515 - 572R - H Ver 

 House Engrossed 
 Senate Bill

 industrial 
 commission; revisions

 (now:� public safety 
 parity fund)

 State of Arizona

 Senate

 Fifty-seventh Legislature

 Second Regular Session

 2026

 SENATE BILL 1515

AN 
ACT

amending section 35-144, Arizona 
Revised Statutes; amending title 41, chapter 11, article 1, Arizona Revised 
Statutes, by adding section 41-1610.02; amending section 41-1720, 
Arizona Revised Statutes; relating to public monies.

(TEXT OF BILL BEGINS ON NEXT PAGE)

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

Section 1. Section 35-144, Arizona Revised 
Statutes, is amended to read:

START_STATUTE35-144. Budget stabilization fund; definitions

A. The budget stabilization fund is established 
consisting of monies transferred from the state general fund pursuant to 
subsection B of this section. The state treasurer shall administer 
the budget stabilization fund, and 
invest and divest monies in the budget stabilization fund as provided by 
sections 35-313 and 35-314.02, and deposit, pursuant 
to sections 35-146 and 35-147, monies earned from investment 
shall be credited to the budget stabilization fund in the public safety parity fund established by section 41-1610.02, except that the first $10,000,000 generated annually shall remain in 
the budget STABILIZATION fund. Except as provided by this section:

1. Monies in the budget stabilization fund are 
exempt from the provisions of section 35-190 relating to the reversion of 
monies to the state general fund.

2. The monies in the fund are separate monies to be 
used only for the purposes of the fund.

3. An amount sufficient to pay claims certified by 
the state forester pursuant to section 37-1305, subsection E, paragraph 4 
is continuously appropriated from the fund to the state treasurer for payment 
of the certified claims. Not more than $20,000,000 in unreimbursed 
claims may be outstanding from the fund at any time from the monies 
appropriated pursuant to this paragraph.

B. In a calendar year in which the annual growth 
rate exceeds the trend growth rate, the excess growth when multiplied by total 
general fund revenue of the fiscal year ending in the calendar year determines 
the amount to be appropriated by the legislature to the budget stabilization 
fund in the fiscal year in which the calendar year ends.

C. In a calendar year in which the annual growth 
rate is both less than two percent and less than the trend growth rate, the 
difference between the annual growth rate and the trend growth rate when 
multiplied by the total general fund revenue of the fiscal year ending in the 
calendar year determines the amount to be transferred by the legislature from 
the budget stabilization fund to the state general fund at the end of the 
fiscal year in which the calendar year ends. The transfer calculated 
pursuant to this subsection shall not exceed the available balance in the 
budget stabilization fund, nor shall the legislature transfer an amount that 
exceeds the amount sufficient to balance the state general fund budget.

D. The legislature shall pass a bill that contains 
the emergency clause if the legislature either:

1. Reduces the amount for appropriation to the 
budget stabilization fund under subsection B of this section.

2. Increases the amount for transfer to the state 
general fund under subsection C of this section.

E. The annual budget recommendations of the governor 
and the joint legislative budget committee shall include estimates of 
appropriations or transfers required under subsection B or C of this section.

F. A final determination of the amount to be 
appropriated to or transferred from the budget stabilization fund shall be made 
using personal income and price deflator estimates as reported in the second 
calendar quarter for the preceding calendar year. �The economic estimates 
commission shall determine the annual growth rate, the trend growth rate and 
the required appropriation to or transfer from the budget stabilization fund at 
its first meeting following the second calendar quarter report of the United States 
department of commerce, but not later than June 1. The commission 
shall certify and report its findings to the governor, the state treasurer, the 
president of the senate, the speaker of the house of representatives and the 
joint legislative budget committee.

G. The appropriation calculated pursuant to 
subsection B of this section may be included in the general appropriations bill 
for that fiscal year. Any additional appropriation calculated 
pursuant to subsection F of this section shall be made by a separate act.

H. At the end of a fiscal year, the budget 
stabilization fund balance shall not exceed ten percent of state general fund 
revenue for the fiscal year. Any surplus monies above ten percent 
shall be transferred by the state treasurer to the state general fund.

I. The state treasurer may temporarily divest monies 
in the budget stab