Loading chat...
AZ HB2725
Bill
Status
2/9/2011
Primary Sponsor
Stephen Pierce
Click for details
AI Summary
-
Renames multiple agricultural "revolving funds" to "trust funds" throughout Arizona statutes and establishes them as non-state treasury funds administered by the director as trustee.
-
Allows trust funds to be deposited in state treasury or approved banks, with state treasurer holding deposits as trust monies and investing them under section 35-314.03, with earnings credited back to the funds.
-
Specifies that trust fund beneficiaries are the respective agricultural programs, funds are used exclusively for those programs on director's order, and surplus/unexpended balances do not revert to state general fund.
-
Removes references to legislative appropriation requirements for fund expenditures, making funds continuously available for their designated agricultural purposes without annual appropriation.
-
Applies these trust fund provisions to agricultural programs including dangerous plants/pests/diseases, seeds, fertilizer materials, pesticides, citrus/fruit/vegetables, grain research, eggs, protected native plants, livestock custody, commercial feed, aquaculture, and agricultural consulting/training.
Legislative Description
Agriculture trust funds
Last Action
Referred to House APPROP Committee
2/17/2011