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REFERENCE TITLE: elderly assistance fund; appropriation |
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State of Arizona Senate Fifty-fourth Legislature Second Regular Session 2020
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SB 1317 |
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Introduced by Senators Alston: Bowie, Bradley, Dalessandro, Gonzales, Mendez, Navarrete, Peshlakai, Quezada, Rios, Steele; Representatives Bolding, Espinoza, Fernandez, Gabaldón, Jermaine, Lieberman, Longdon, Pawlik, Powers Hannley, Salman, Shah, Teller, Terán
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AN ACT
amending section 42-17401, Arizona Revised Statutes; appropriating monies; relating to the elderly assistance fund.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 42-17401, Arizona Revised Statutes, is amended to read:
42-17401. Elderly assistance fund; primary school district tax reduction; definition
A. An elderly assistance fund shall be established by the board of supervisors in a each county with a population of more than two million persons to be administered by the county treasurer. The fund shall be used to reduce the primary school district taxes pursuant to subsection C of this section.
B. The board of supervisors shall spend any unspent monies that remain in the elderly assistance fund from and after December 31, 2015 for the county solely on the elderly assistance program. Any subsequent appropriations made to the elderly assistance fund for the county shall also be spent solely on the elderly assistance program.
C. On June 30 of each year, the county treasurer shall determine the total amount of monies in the elderly assistance fund for the county and the total number of qualified individuals who live in the county. The county treasurer shall use the monies in the fund to proportionately reduce the primary school district taxes that are levied against the property of all qualified individuals in the county for the following tax year.
D. The county treasurer shall invest monies in the fund. Interest earned on fund monies shall be deposited in the taxpayer's information fund established by section 11‑495.
E. For the purposes of this section, "qualified individual" means an individual who lives in an organized school district and who is approved for the property valuation protection option pursuant to article IX, section 18, subsection (7), Constitution of Arizona.
Sec. 2. Appropriation; elderly assistance funds
The sum of $6,000,000 is appropriated from the state general fund in fiscal year 2020-2021 to the department of administration to distribute among each elderly assistance fund established pursuant to section 42‑17401, Arizona Revised Statutes, as amended by this act. The department shall allocate the appropriation to the elderly assistance fund for each county on a pro rata basis according to the most recent United States decennial census.