AZ HB2981

Replaces the phrase "not to exceed" with "not more than" in the statute governing the Arizona Housing Trust Fund's administrative cost appropriations.

Maintains the existing 10% cap on housing trust fund monies that may be appropriated annually to the Department for administrative costs.

Makes no substantive changes to housing trust fund purposes, which include housing opportunities for low and moderate income households and rural housing programs.

Preserves the existing priority funding structure for emergency shelters, transitional housing, and facilities for seriously mentally ill individuals.

Constitutes a technical language correction with no change to the underlying policy or funding limits.