AZ SB1241

Establishes the Arizona State Parks Heritage Fund consisting of legislative appropriations, grants, and donations, to be administered by the Arizona State Parks Board.

Allocates fund monies as follows: 50% for local/regional/state parks outdoor recreation and open space development; 30% for historic preservation projects; 10% for nonmotorized trails; 10% for outdoor and environmental education.

Restricts individual entities from receiving more than 20% of available monies in each category per fiscal year, and prohibits fund monies from being used for property acquisition.

Requires the Arizona State Parks Board to submit annual reports by December 31 to the legislature detailing expenditures and projects funded in each category.

Mandates the Auditor General to conduct performance audits of the fund's programs and expenditures alongside Arizona State Parks Board audits.