Arizona Laws 35-193.02. Special services revolving fund; contents; administration; annual excess reversion
A. There is established a permanent revolving fund to be known as the department of administration special services revolving fund. The services covered by this fund shall include office supplies, office services, printing and other administrative or management services. Payments into the fund shall be made by state agencies that have been appropriated monies for the purpose of paying for services performed by the department of administration for other state agencies or to be performed by the department and for such other purposes as may be designated by the legislature. The portion of the monies in the fund used by the department of administration to administer the central office management for agencies is subject to legislative appropriation. The amount of payments by the agencies shall not exceed the amounts budgeted to the agencies for such designated purposes.
Terms Used In Arizona Laws 35-193.02
- 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.
B. The monies shall be spent only on authorization of the director of the department of administration.
C. The director shall adopt rules regarding the time and manner in which payment shall be made into the fund by the state agencies to which appropriations are made in accordance with subsection A of this section.
D. Any amounts in excess of two hundred fifty thousand dollars in the revolving fund at the close of the fiscal year shall revert to the state general fund.