Arizona Laws 15-249.02. Education learning and accountability fund; appropriation; subaccounts
A. The education learning and accountability fund is established consisting of legislative appropriations and fees collected from universities and community college districts in support of the education learning and accountability system for public education. The department of education shall administer the fund. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. All monies deposited in the fund for fiscal year 2011-2012 are appropriated for use in fiscal year 2011-2012 and fiscal year 2012-2013. Monies in the fund may only be used for the purposes prescribed in section 15-249 and are subject to the requirements for review by the joint legislative budget committee prescribed in that section.
Terms Used In Arizona Laws 15-249.02
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the year beginning July 1 and ending June 30. See Arizona Laws 15-101
- Subject: means a division or field of organized knowledge, such as English or mathematics, or a selection from an organized body of knowledge for a course or teaching unit, such as the English novel or elementary algebra. See Arizona Laws 15-101
B. The general fund subaccount is established within the education learning and accountability fund consisting of appropriations from the state general fund that are deposited into the fund. Monies in the subaccount are continuously appropriated.
C. The university and community college fee subaccount is established within the education learning and accountability fund consisting of fees collected from universities and community college districts that are deposited into the fund. Monies in the subaccount are subject to legislative appropriation.