The racing regulation fund is established. All revenues derived from permittees, permits and licenses pursuant to this article and section 5-230 and any grants or donations received by the department shall be deposited, pursuant to sections 35-146 and 35-147, in the racing regulation fund. The department shall administer the racing regulation fund. Monies in the racing regulation fund are subject to legislative appropriation and are to be used by the department to support the mission of the department. The racing regulation fund is exempt from the provisions of section 35-190 relating to lapsing of appropriations.

Terms Used In Arizona Laws 5-113.01

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Department: means the department of gaming. See Arizona Laws 5-101

 

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