HB 2545 Summary

• Establishes monthly distribution of 5% of transaction privilege tax revenues collected on Indian reservations to qualifying Indian tribes for joint technical education district (JTED) expenses.

• Requires qualifying tribes to enter into a 10-year compact with the state, signed by the governor, to account for use of distributed monies.

• Mandates that distributed funds be used primarily for operations, maintenance, renewal, and capital expenses of JTEDs formed on the tribe's own reservation in Arizona.

• Requires the auditor general to audit use of monies and submit reports to the joint legislative budget committee, with possible compact renewal for additional 10-year terms.

• Allows reimbursement to the Department of Revenue for implementation costs not exceeding $150,000 from the distributed revenues.