AZ SB1278

Allocates 90% of forfeited monies and property to anti-racketeering revolving funds (state or county) and directs remaining 10% to the state general fund under sections 13-2314.01, 13-2314.03, and 13-4315.

Requires 90% of monies received from federal or other state agencies as a result of investigations or prosecutions to be deposited in anti-racketeering funds, with 10% deposited in the state general fund.

Establishes reporting requirements for state departments, agencies, and political subdivisions receiving forfeiture monies, with quarterly reports due to the Arizona Criminal Justice Commission by specified dates.

Specifies that anti-racketeering revolving fund monies can be used for gang prevention, substance abuse prevention and education programs, victim assistance, witness protection, and investigation and prosecution of racketeering offenses.

Updates references and terminology regarding forfeiture procedures and fund management, including clarification that law enforcement agencies must return investigative fund monies specifically identified as coming from their investigative accounts.