Arizona2026Vetoed

HB2015

HB2015: Rules for State Budget Reports and Late Filing Penalties

Last scannedAug 24, 2026, 7:40 AM

In one sentence

This bill sets rules for how state agencies must report their finances and adds a penalty if they submit required reports late.

Requires the Department of Administration to create a uniform accounting system for all budget units based on generally accepted governmental accounting principles.
Mandates that the Department of Administration prepare monthly financial reports summarizing spending by budget unit and fund source.
Sets an October 31 deadline for organizations included in the state's reporting entity to submit final financial statements.
Sets a December 31 deadline for organizations that spend federal money to submit program information required for single audits.
Allows the Department of Administration to charge a penalty if reports are submitted after these deadlines, withholding the amount from future funding.

The bill was vetoed by the governor on June 19, 2026, so it did not become law unless lawmakers overrode the veto.
Penalties are capped at $8 million or one percent of an organization's state general fund appropriation for that year, whichever is less.

Plain language

Budget unit: A specific department or agency within the state government that manages its own funds.
State general fund appropriation: The amount of money from the main state budget allocated to an organization for a fiscal year, which is used to calculate penalties.
Federal single audit requirements: Rules set by the federal government that organizations must follow when reporting how they spend federal funds.

Official record

Validated

HB2015 - budget procedures; late filing penalty

Official activity