The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 2nd Regular Session, which convenes in January 2026.
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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.
41-608.01 - State homes for veterans trust fund; purpose; subaccount
41-608.01. State homes for veterans trust fund; purpose; subaccount
A. The state homes for veterans trust fund is established. The director shall administer the fund for the sole purpose of operating and maintaining state-operated nursing and domiciliary homes for Arizona veterans.
B. The fund consists of monies deposited by the director from monies generated by operating the Arizona veterans' homes, monies deposited pursuant to section 41-603.01 and monies transferred by the department pursuant to section 41-608.
C. The director shall establish a separate subaccount in the fund for monies deposited pursuant to section 41-608, subsection A. The monies in the subaccount shall be used for any of the following purposes:
1. To support the various needs of the veterans residing at the nursing and domiciliary homes.
2. To purchase any necessary equipment for the nursing and domiciliary homes.
3. For any necessary improvements for the nursing and domiciliary homes.
4. For any ongoing maintenance required for the nursing and domiciliary homes.
D. Monies in the fund are subject to annual appropriation by the legislature. The fund is exempt from the provisions of section 35-190 relating to lapsing of appropriations. Any monies in the fund remaining unexpended or unencumbered at the end of the fiscal year do not revert to the state general fund.
E. On notice from the director, the state treasurer shall invest and divest monies in the fund and subaccount as provided by section 35-313, and monies earned from investment shall be credited to the fund and subaccount.