A. The golden rule special plate fund is established consisting of monies received pursuant to section 28-2424. The department of education shall administer the fund. Not more than ten per cent of monies deposited in the fund annually shall be used for the cost of administering the fund. Monies in the fund are continuously appropriated. The department of education shall distribute monies in the fund before July 1 of each year.

Terms Used In Arizona Laws 15-243

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215

B. The department of education shall allocate monies to a private golden rule foundation that is an incorporated nonprofit corporation in this state and that is qualified under section 501(c)(3) of the United States internal revenue code for federal income tax purposes. The department of education shall select a private golden rule foundation that provides golden rule programs that demonstrate the promotion of the golden rule in schools in this state and in communities in this state to receive monies from the golden rule special plate fund.

 

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