housing trust fund; appropriation

Plain English Breakdown

Checked against official source text during the last sync.

SB1591: Funding for the Housing Trust Fund

This bill moves $200 million from the state's general fund to a special housing trust fund.

What This Bill Does

• Sets aside $200,000,000 from the state general fund for fiscal year 2026-2027.
• Sends this money to the Housing Trust Fund created by Arizona law.

Who It Names or Affects

• The State of Arizona
• The state general fund
• The housing trust fund

Terms To Know

Appropriation

A legal action that sets aside money for a specific purpose.

State general fund

The main account where the state keeps most of its tax revenue and other income.

Housing trust fund

A special pool of money created by law to support housing programs.

Limits and Unknowns

• The bill does not say exactly how the Housing Trust Fund will spend this $200 million.
• No effective date is listed in the provided source material.

Official Summary Text

SB1591 - housing trust fund; appropriation

Current Bill Text

SB1591 - 572R - I Ver

REFERENCE TITLE:
housing trust fund; appropriation

State of Arizona

Senate

Fifty-seventh Legislature

Second Regular Session

2026

SB 1591

Introduced by

Senator
Alston: Representative Connolly

AN
ACT

appropriating monies to the housing trust
fund.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1.
Appropriation; housing trust fund

The sum of $200,000,000 is
appropriated from the state general fund in fiscal year 2026-2027 to the
housing trust fund established by section 41-3955, Arizona Revised
Statutes.