Arizona Laws 17-271. Wildlife endowment fund
A. The wildlife endowment fund is established to be used by the commission for wildlife conservation and management purposes. The fund consists of:
Terms Used In Arizona Laws 17-271
- 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
- Commission: means the Arizona game and fish commission. See Arizona Laws 17-101
- Department: means the Arizona game and fish department. See Arizona Laws 17-101
- 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.
- Wildlife: means all wild mammals, wild birds and the nests or eggs thereof, reptiles, amphibians, mollusks, crustaceans and fish, including their eggs or spawn. See Arizona Laws 17-101
1. Revenues from sales of lifetime licenses and benefactor licenses.
2. Gifts, grants and contributions specifically designated for the fund.
3. Interest and investment income derived from monies in the fund as provided by subsection C of this section.
B. Monies in the wildlife endowment fund are:
1. Subject to annual appropriation by the legislature pursuant to Section 35-143.01.
2. Exempt from lapsing under section 35-190.
C. The commission shall administer the wildlife endowment fund. On notice from the commission the state treasurer shall invest and divest monies in the wildlife endowment fund as provided by section 35-313, and monies earned from investment shall be credited to the fund. On July 1 of each year the department of administration shall transfer from the wildlife endowment fund to the game and fish fund an amount equal to the interest and investment income deposited in the wildlife endowment fund during the preceding fiscal year.