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AZ HB2711

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

Betty Villegas

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Directs 55% of unclaimed property monies to be deposited in the Arizona Housing Trust Fund, with 40% of that amount required to be used exclusively for developing housing in rural areas.
  • Reorders the priority of unclaimed property fund distributions, placing the Housing Trust Fund deposit first, followed by the Seriously Mentally Ill Housing Trust Fund and the Department of Revenue administrative fund.
  • Maintains the existing $2,000,000 annual deposit to the Seriously Mentally Ill Housing Trust Fund.
  • Eliminates the previous $2,500,000 cap on Housing Trust Fund deposits from unclaimed property, replacing it with the percentage-based allocation system.

Legislative Description

Housing trust fund; unclaimed property

Last Action

House read second time

1/21/2026

Committee Referrals

Rules1/20/2026
Appropriations1/20/2026

Full Bill Text

No bill text available