A. The authority shall on or before September 30 each year adopt an administrative budget for the next succeeding fiscal year. The budget shall consist of an estimate of the expenditures that may be necessary to meet administrative requirements of the authority for the ensuing fiscal year. Economies resulting in remaining balances for any fiscal year shall be available for subsequent administration or operating purposes.

Terms Used In Arizona Laws 30-201

  • Authority: means the Arizona power authority. See Arizona Laws 30-101
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State: means this state. See Arizona Laws 30-101

B. The authority shall also for each fiscal year prepare an operation budget covering operations and capital items.

C. The original budgets shall be filed with the department of administration and copies of the budgets with the governor and state treasurer.

D. The authority’s budget and audit fiscal years shall be based on the federal fiscal year of October 1 through September 30.

  Previous section
Next section  
 Article 6 Contents