Arizona Laws 41-314. Notary bond fund; purpose; exemption
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A. The notary bond fund is established consisting of monies received pursuant to section 41-178.
Terms Used In Arizona Laws 41-314
- notary: means any individual who is commissioned to perform notarial acts by the secretary of state. See Arizona Laws 41-251
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States. See Arizona Laws 41-251
B. The secretary of state shall administer the fund and spend monies in the fund in order to defray the cost of the secretary of state’s office assuming the responsibilities associated with the processing and administration of notary bonds.
C. On notice from the secretary of state, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
D. Monies in the fund are continuously appropriated and exempt from the provisions of section 35-190 relating to lapsing of appropriations.