Establishes the budget stabilization fund and statewide infrastructure trust fund, detailing their uses and administration.

Arizona SB1551 amends sections 28-7011 and 35-144 of the Arizona Revised Statutes to establish the budget stabilization fund and the statewide infrastructure trust fund. The budget stabilization fund is administered by the state treasurer and consists of appropriations, nonfederal gifts, and investment earnings. It is used for transportation projects and can be divested to avoid a negative cash balance in the state general fund. The statewide infrastructure trust fund is also administered by the state treasurer and is subject to legislative appropriation.

Establishes the budget stabilization fund and statewide infrastructure trust fund, detailing their uses and administration.

Arizona SB1551 amends sections 28-7011 and 35-144 of the Arizona Revised Statutes to establish the budget stabilization fund and the statewide infrastructure trust fund. The budget stabilization fund is administered by the state treasurer and consists of appropriations, nonfederal gifts, and investment earnings. It is used for transportation projects and can be divested to avoid a negative cash balance in the state general fund. The statewide infrastructure trust fund is also administered by the state treasurer and is subject to legislative appropriation.