AZ SB1437

Amends Arizona Revised Statutes section 42-5031.01 to modify distribution of transaction privilege tax revenues to Indian tribes for postsecondary educational institutions.

Changes allowable uses of distributed revenues to specifically support "college campuses" rather than "colleges," and requires tribes to enter into compacts with the state for each college or campus.

Modifies the revenue cap by establishing a minimum distribution of one-tenth of transaction privilege tax revenues from the reservation (but not less than $1.75 million per fiscal year), replacing the previous cap structure.

Requires qualifying Indian tribes to have a compact signed by the governor for each college or campus, lasting at least ten years with renewal options, and subject to audits by the auditor general.

Defines "qualifying Indian tribe" as an Indian tribe that owns, operates and charters any community college or postsecondary educational institution located on its own reservation in Arizona.