AZ HB2195

Allocates 55% of proceeds from the sale of abandoned property to the housing trust fund established by section 41-3955, with 40% of those deposits designated exclusively for eligible and viable housing development in rural areas.

Deposits the first $2,000,000 of remaining monies each fiscal year into the seriously mentally ill housing trust fund established by section 41-3955.01.

Deposits the next $24,500,000 of remaining monies each fiscal year into the department of revenue administrative fund established by section 42-1116.01.

Maintains existing requirements for depositing unclaimed shares and dividends into the permanent state school fund, unclaimed victim restitution payments into the victim compensation and assistance fund, and retaining at least $100,000 in a separate trust fund for paying claims.