Arizona SB 1719: juvenile convicted as adult; sentencing

Bill Text

SB1719 - 572R - I Ver 

 REFERENCE TITLE: nonprofit corporations; audits

 State of Arizona

 Senate

 Fifty-seventh Legislature

 Second Regular Session

 2026

 SB 1719

 Introduced by 

 Senator 
 Bolick

AN 
ACT

Amending section 35-181.03, Arizona Revised 
Statutes; relating to audits of nonprofit corporations.

(TEXT OF BILL BEGINS ON NEXT PAGE)

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

Section 1. Section 35-181.03, Arizona Revised 
Statutes, is amended to read:

START_STATUTE35-181.03. Audit of nonprofit corporations receiving state monies; 
definition

A. All state contracts with nonprofit corporations 
for assistance shall include requirements concerning financial and compliance 
audits.

B. For years ending in 0 and 5, 
each nonprofit corporation that receives in excess of two hundred 
fifty thousand dollars more than $250,000 in state 
assistance in any each of the previous five 
fiscal year years shall file 
for each such fiscal year the previous five 
years at the corporation's expense with the grantor agency either 
audited financial statements prepared in accordance with federal single audit 
regulations or financial statements prepared in accordance with generally 
accepted accounting principles and audited by an independent certified public 
accountant.

C. Each nonprofit corporation receiving 
two hundred fifty thousand dollars or less in state assistance in any fiscal 
year shall comply with contract requirements concerning financial and 
compliance audits contained in contract agreements governing such programs.

D. For the purposes of this section, "nonprofit 
corporation" means a corporation as defined in section 10-3140. END_STATUTE