state budget implementation; 2024-2025

This bill directs all unrestricted federal funds received by Arizona between July 1, 2024, and June 30, 2025, into the state general fund specifically to pay for essential government services. It also temporarily suspends standard budget rules for the fiscal years 2024-2025 through 2026-2027 by exempting the legislature from the requirement to transfer money to or from the budget stabilization fund. Additionally, for the 2024-2025 fiscal year, the bill removes the usual ten percent revenue limit on the stabilization fund and prohibits the state treasurer from moving any surplus money from that fund to the general fund. These changes apply retroactively starting June 30, 2024, and directly affect how state and federal revenues are managed and allocated during this period.