A. An economic strength project fund is established consisting of the monies allocated for projects listed by the Arizona commerce authority pursuant to section 41-1505, subsection E.

Terms Used In Arizona Laws 28-7282

  • Board: means the transportation board. See Arizona Laws 28-101
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • State: means a state of the United States and the District of Columbia. See Arizona Laws 28-101

B. Monies in the economic strength project fund shall be used to fund projects that are recommended by the Arizona commerce authority and that are approved by the transportation board.

C. Monies remaining in the economic strength project fund at the end of a fiscal year do not revert to the state general fund.

D. On notice from the board, the state treasurer shall invest and divest monies in the economic strength project fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

 

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