PREFILED    DEC 07 2016

REFERENCE TITLE: technical correction; sports facilities account

State of Arizona Senate Fifty-third Legislature First Regular Session 2017

SB 1002

Introduced by Senator Barto

 

AN ACT

 

amending section 5‑838, Arizona Revised Statutes; relating to the tourism and sports authority.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 5-838, Arizona Revised Statutes, is amended to read:

START_STATUTE5-838.  Youth and amateur sports facilities account; reserve

A.  The authority shall maintain a youth and amateur sports facilities account consisting of monies transmitted to the account pursuant to section 5‑835.

B.  The authority shall establish a youth and amateur sports facilities reserve within the account consisting of monies transmitted to the reserve pursuant to section 5‑835, subsection B, paragraph 6.  The authority shall transfer from the reserve to the account an amount equal to any deficiency in the monthly amount distributed to the account pursuant to section 5‑835, subsection B, paragraph 3  4.

C.  The authority shall use monies in the account for purposes of section 5‑809. END_STATUTE