The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 2nd Regular Session, which convenes in January 2020.
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6-135.01 - Department receivership revolving fund; use of fund
6-135.01. Department receivership revolving fund; use of fund
(L04, Ch. 188, sec. 9. Eff. until 7/1/20)
A. A department receivership revolving fund is established to be administered by the superintendent. The fund shall consist of monies from the following sources:
1. Monies awarded and received as fees and costs in receiverships in which the superintendent was the receiver, as provided in section 6-131.01.
2. Monies received from the department revolving fund, as provided in section 6-135, subsection B.
B. Monies in the fund may be used to pay any costs incurred by the department arising out of the administration of a receivership in which the superintendent is the receiver.
C. The superintendent shall submit to the legislature with the department's annual budget request a full and complete account of the department receivership revolving fund through the end of its most recent fiscal year.