The Arizona Revised Statutes have been updated to include the revised sections from the 53rd Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 1st Regular Session, which convenes in January 2019.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
44-3298 - Investment management regulatory and enforcement fund; purpose
44-3298. Investment management regulatory and enforcement fund; purpose
A. An investment management regulatory and enforcement fund is established and shall be administered by the commission under the conditions and for the purposes provided by this section. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
B. Fees and costs collected pursuant to this chapter, unless otherwise designated, shall be deposited, pursuant to sections 35-146 and 35-147, in the fund.
C. The commission shall use the monies in the fund for education and regulatory, investigative and enforcement operations in the securities division.
D. If the amount of monies in the fund exceeds one hundred thousand dollars on December 31 of any calendar year, the amount in excess of one hundred thousand dollars reverts to the state general fund. Beginning with the fiscal year starting on July 1, 1996, monies in the fund are subject to annual legislative appropriation.