41-1506.03. Made in Arizona special plate fund

A. The made in Arizona special plate fund is established consisting of monies deposited pursuant to section 28-2470.29. The fund shall be administered by the authority. The first $32,000 in the fund shall be reimbursed to the person that paid the implementation fee to the department of transportation pursuant to section 28-2470.29. Not more than ten percent of the monies deposited in the fund annually shall be used for the cost of administering the fund. Monies in the fund are continuously appropriated.

B. On notice from the chief executive officer, the state treasurer may invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. The chief executive officer shall annually allocate monies from the fund to support a program that does both of the following:

1. Advances workforce development in this state in the advanced manufacturing industry.

2. Fosters collaboration with community colleges located in this state and the advanced manufacturing industry.