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REFERENCE TITLE: liquor licenses fund; technical correction |
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State of Arizona Senate Fifty-first Legislature First Regular Session 2013
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SB 1301 |
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Introduced by Senator Shooter
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AN ACT
amending section 4-120, Arizona Revised Statutes; relating to liquor licenses.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 4-120, Arizona Revised Statutes, is amended to read:
4-120. Liquor licenses fund; exemption
A. The liquor licenses fund is established consisting of monies deposited pursuant to section 4‑115. The department of liquor licenses and control shall administer the fund. The amount deposited in the fund each year shall not exceed the amount appropriated by the legislature.
B. Monies in the fund are subject to legislative appropriation.
C. Monies in the fund are exempt from the provisions of section 35‑190 relating to lapsing of appropriations, except that any monies remaining in the fund in excess of seven hundred thousand dollars at the end of each fiscal year reverts revert to the state general fund.