Arizona Laws 28-7315. Arizona highways magazine fund
A. An Arizona highways magazine fund is established.
Terms Used In Arizona Laws 28-7315
- 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.
- highway: means the entire width between the boundary lines of every way if a part of the way is open to the use of the public for purposes of vehicular travel. See Arizona Laws 28-101
- State: means a state of the United States and the District of Columbia. See Arizona Laws 28-101
- State highway: means a state route or portion of a state route that is accepted and designated by the board as a state highway and that is maintained by the state. See Arizona Laws 28-101
B. The fund consists of monies:
1. Appropriated by the legislature from the state highway fund of not more than $500,000 annually.
2. Received from the sales of subscriptions, single copies, maps, pamphlets and other descriptive material.
3. Deposited pursuant to section 28-2429.
4. Donated to the Arizona highways magazine to promote tourism in this state as prescribed in section 28-7312.
C. The monies appropriated to the fund shall be spent in conformity with the laws governing state financial operations, except that:
1. Balances remaining at the end of the fiscal year do not revert to the general or state highway fund.
2. Expenditures are exempt from section 35-173.
D. The state treasurer shall invest and divest monies in the Arizona highways magazine fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.