AZ SB1265

State treasurer shall distribute 5% of monthly transaction privilege tax revenues collected on Indian reservations to qualifying Indian tribes for JTED support.

Monies must be used exclusively for operations, maintenance, renewal, and capital expenses of joint technical education districts formed on the tribe's own reservation.

Qualifying Indian tribes must enter into a compact with the state (signed by governor) for a minimum 10-year term, with renewal possible for additional 10-year periods after legislative budget committee review.

Compact must require audits by the auditor general, with audit copies submitted to the joint legislative budget committee, and may require reimbursement to the Department of Revenue for implementation costs not exceeding $150,000.

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