Arizona Laws 41-2809. Investment of committed youths’ monies; deposit of proceeds; commingling permitted
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The director may deposit any youth‘s monies in the director’s possession in a separate account of the department of juvenile corrections fund established by section 41-2810 or, subject to the approval of the state treasurer, deposit such monies in interest bearing bank accounts. On notice from the director, youths’ monies deposited in the juvenile corrections fund shall be invested pursuant to section 35-313. Any proceeds from investments or deposits shall be credited to the department of juvenile corrections youths’ account.
Terms Used In Arizona Laws 41-2809
- Department: means the department of juvenile corrections. See Arizona Laws 41-2801
- Director: means the director of the department of juvenile corrections. See Arizona Laws 41-2801
- youth: means a person who has been committed according to law to the department of juvenile corrections for supervision, rehabilitation, treatment and education and who is either:
(a) At least fourteen years of age and under eighteen years of age. See Arizona Laws 41-2801