SB1453 amends Arizona law to clarify financial classifications and appropriations for the Arizona Power Authority.

SB1453 amends section 30-202 of the Arizona Revised Statutes to clarify financial classifications and appropriations for the Arizona Power Authority. It specifies that funds made available by legislative appropriation should be classified as "appropriated funds," while all other funds derived from operations or acquired should be classified differently. The bill also establishes that the fiscal year of the authority should not be divided into fiscal quarters, and appropriated monies should be placed in separate funds as budgeted, not in the general fund.

SB1453 amends Arizona law to clarify financial classifications and appropriations for the Arizona Power Authority.

SB1453 amends section 30-202 of the Arizona Revised Statutes to clarify financial classifications and appropriations for the Arizona Power Authority. It specifies that funds made available by legislative appropriation should be classified as "appropriated funds," while all other funds derived from operations or acquired should be classified differently. The bill also establishes that the fiscal year of the authority should not be divided into fiscal quarters, and appropriated monies should be placed in separate funds as budgeted, not in the general fund.