budget stabilization fund; transportation fund

SB 1551 creates a statewide infrastructure trust fund to finance transportation projects like highway construction and improvements. It automatically transfers money from Arizona’s budget stabilization fund (BSF) to this trust fund when the state’s economic growth exceeds a set threshold, using specific formulas based on personal income and inflation data. The bill also sets rules for when the BSF must return funds to the general state budget if growth is low, and limits the BSF balance to 10% of general fund revenue. This directly affects how the state manages transportation funding and budget reserves, without targeting specific groups or communities. The bill focuses on procedural fund transfers rather than new policy outcomes.