The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 55th Legislature, 1st Regular Session, which convenes in January 2021.
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.
A. There is established a department revolving fund to be administered by the superintendent 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 the lapsing of appropriations.
B. Any investigative costs, attorney fees or civil penalties recovered for the state by the attorney general or the superintendent as a result of actions brought pursuant to this title, whether by final judgment, settlement or otherwise, shall be deposited in the department revolving fund. If the unencumbered portion of the fund exceeds two hundred thousand dollars at the end of the fiscal year, all unencumbered monies in excess of two hundred thousand dollars shall be deposited in the department receivership revolving fund, pursuant to section 6-135.01.
C. The monies in the fund shall be used by the superintendent and the attorney general for investigative proceedings or for purposes of instituting and prosecuting civil actions pursuant to this title.
D. On or before the fifteenth day of February, May, August and November, the superintendent shall file with the governor, with copies to the director of the department of administration, the president of the senate and the speaker of the house of representatives, a full and complete account of the receipts and disbursements from the fund in the previous calendar quarter.