Notwithstanding any other law, funds and the proceeds of the trust assets shall be received by the state board of education and shall be deposited, pursuant to sections 35-146 and 35-147, in a special fund to be known as the Arizona youth farm loan fund that is maintained as a revolving fund and that is appropriated for continuing expenditure or obligation as provided by this article.

Terms Used In Arizona Laws 15-1172

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

 

 

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