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AZ SB1465
Bill
Status
1/31/2023
Primary Sponsor
Thomas Shope
Click for details
AI Summary
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Redirects all remaining state lottery fund monies (after existing allocations) to the housing trust fund established by section 41-3955, rather than the state general fund.
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Adds monies from the Arizona finance authority operations fund to be transferred to the housing trust fund at fiscal year-end instead of the economic development fund.
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Increases unclaimed property deposits to the housing trust fund from $2,500,000 to $2,500,000 annually, plus 75 percent of remaining unclaimed property monies each fiscal year.
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Modifies the housing trust fund statute to clarify its composition includes deposits from state lottery funds and specifies rural housing shall receive a portion of fund monies.
Legislative Description
Housing trust fund; deposit; appropriation
State Lottery Fund
Last Action
Senate read second time
2/1/2023