Arizona Laws 28-6994. Highway damage recovery account
A. The highway damage recovery account is established as a separate account in the state highway fund established by section 28-6991. The department shall deposit, pursuant to sections 35-146 and 35-147, all monies received for damage caused to state highways, portions of highways forming state routes, fixtures and other state property in the right-of-way into the account. Subject to legislative appropriation, the department shall use monies in the account for maintenance of state highways, portions of highways and state routes.
Terms Used In Arizona Laws 28-6994
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the department of transportation acting directly or through its duly authorized officers and agents. See Arizona Laws 28-101
- highway: means the entire width between the boundary lines of every way if a part of the way is open to the use of the public for purposes of vehicular travel. See Arizona Laws 28-101
- Property: includes both real and personal property. See Arizona Laws 1-215
- Right-of-way: when used within the context of the regulation of the movement of traffic on a highway means the privilege of the immediate use of the highway. See Arizona Laws 28-101
- State: means a state of the United States and the District of Columbia. See Arizona Laws 28-101
B. On notice from the department, the state treasurer shall invest and divest monies in the highway damage recovery account as provided by section 35-313, and monies earned from investment shall be credited to the account.