A. In a county with a population of five hundred thousand persons or less, the officer collecting transportation excise tax monies pursuant to section 42-6107 shall immediately transfer the monies to the state treasurer. The state treasurer shall deposit the monies in a fund designated for the county as the county’s regional area road fund. The state treasurer shall hold monies in the county’s regional area road fund as a trustee for the county and the cities and towns in the county.

Terms Used In Arizona Laws 28-6391

  • Population: means the population according to the most recent United States decennial census. See Arizona Laws 1-215
  • State: means a state of the United States and the District of Columbia. See Arizona Laws 28-101
  • Trustee: A person or institution holding and administering property in trust.

B. The county and the cities and towns in the county that receive the transportation excise tax monies have the beneficial interests in the fund.

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