Arizona Laws 41-1365. State monument and memorial repair fund; purpose; annual report; exemption
A. The state monument and memorial repair fund is established consisting of:
Terms Used In Arizona Laws 41-1365
- 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.
1. Donations.
2. Monies from fundraising activities.
3. Monies that are collected by the proponents of a monument or memorial and that are deposited pursuant to section 41-1363.
4. Grants received for monuments or memorials, except for otherwise specifically dedicated grants.
5. Legislative appropriations.
B. The legislative council shall administer the fund. All monies in the fund are subject to legislative appropriation. Subject to this section, the department shall use monies appropriated from the fund to:
1. Maintain, repair, recondition or relocate monuments or memorials.
2. Support mechanical equipment in the governmental mall.
C. The legislative council shall separately account for monies to a specific monument or memorial that is dedicated to this state for maintaining, repairing, reconditioning or relocating that monument or memorial as follows:
1. Monies that are donated for the benefit of the specific monument or memorial.
2. Monies that are derived from fundraising activities and that are collected for the benefit of a specific monument or memorial.
3. Monies that are collected and deposited pursuant to subsection A, paragraph 3 of this section.
D. On or before November 1 of each year, the legislative council shall submit to the joint legislative budget committee a report that accounts for all monies deposited in the fund. The report shall include the sources of the monies received for deposit, by category, and the purposes for which the monies were used during the preceding fiscal year.
E. The legislative council shall hold the monies in the fund in trust for the citizens of this state until spent on an authorized monument or memorial, and monies in the fund shall not be spent or appropriated for any other purpose.
F. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.