AZ HB2244

Amends section 44-313 of Arizona Revised Statutes regarding deposit of monies from unclaimed property.

Directs 55 percent of proceeds from sale of abandoned property to the housing trust fund established by section 41-3955, with 40 percent of that amount required for eligible housing development in rural areas.

Requires the first $2,000,000 annually of remaining monies to be deposited in the seriously mentally ill housing trust fund established by section 41-3955.01.

Allocates the next $24,500,000 annually to the department of revenue administrative fund established by section 42-1116.01.

Maintains a separate trust fund of at least $100,000 for the department to pay claims from unclaimed property.