AZ HB2687

State treasurer shall distribute 5% of monthly transaction privilege tax revenues to qualifying Indian tribes from sources located on their reservations.

Distributed funds must be used exclusively for operations, maintenance, renewal, and capital expenses of joint technical education districts (JTED) formed on the tribe's reservation.

Qualifying Indian tribes must enter into a compact with the state (signed by governor) for at least 10 years, renewable for additional 10-year terms after legislative budget committee review.

Compacts require audits by the auditor general, with copies submitted to the joint legislative budget committee, and may reimburse the department of revenue up to $150,000 for implementation costs.

"Qualifying Indian tribe" is defined as an Indian tribe with a joint technical education district established on its own reservation in Arizona.