Arizona Laws 15-1467. State aid appropriations; disbursement procedure; district fund
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A. Appropriations for state aid to districts shall be distributed to each community college district in accordance with section 15-1466.
Terms Used In Arizona Laws 15-1467
- Community college: means an educational institution that is operated by a district board and that provides a program of not more than four years' training in the arts, sciences and humanities beyond the twelfth grade of the public or private high school course of study or vocational education, including terminal courses of a technical and vocational nature and basic adult education courses. See Arizona Laws 15-1401
- District: means a community college district that is established pursuant to sections 15-1402 and 15-1403 or Section 15-1402. See Arizona Laws 15-1401
- Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
B. The state treasurer shall disburse one-fourth of the annual amount of the monies to each district in the first month of each quarter for the support and maintenance of the district, to be expended as provided by law. If no community college exists, the department shall establish a fund for new future districts to be disbursed as needed.
C. Notwithstanding subsection B of this section, a district may request the state treasurer to disburse the monies to the local government investment pool for deposit into the district’s account as established in section 35-326.