COMMITTEE ON TRANSPORTATION
HOUSE OF REPRESENTATIVES AMENDMENTS TO S.B. 1081
(Reference to Senate engrossed bill)
Strike everything after the enacting clause and insert:
"Section 1. Title 36, chapter 29, article 1, Arizona Revised Statutes, is amended by adding section 36-2921, to read:
36-2921. Veteran housing trust fund
A. The veteran housing trust fund is established. The director shall administer the fund. The fund consists of monies received pursuant to section 44-313 and investment earnings.
B. On notice from the director, 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. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. An amount not to exceed ten percent of the fund monies may be appropriated annually by the legislature to the system for administrative costs in providing services relating to the fund.
C. Fund monies shall be spent on approval of the director solely for housing projects and rental assistance for homeless veterans. The fund may be used for tiny home communities that are established specifically for homeless veterans. For any construction project financed by the system pursuant to this section, the system shall notify a city, town, county or tribal government that a project is planned for its jurisdiction and, before proceeding, shall seek comment from the governing body of the city, town, county or tribal government or an official authorized by the governing body of the city, town, county or tribal government. The system may not interfere with or attempt to override the local jurisdiction's planning, zoning or land use regulations.
D. On or before September 1 of each year, The director shall report to the governor, the president of the senate and the speaker of the house of representatives on the status of the fund and shall provide a copy of the report to the secretary of state. The report shall include a summary of facilities for which funding was provided during the preceding fiscal year and shall show the cost and geographic location of each facility and the number of individuals benefiting from the operation, construction or renovation of any facility. The report shall also include the number of individuals who benefited from rental assistance.
Sec. 2. Section 44-313, Arizona Revised Statutes, is amended to read:
44-313. Deposit of monies
A. Except as otherwise provided in this section or section 44-314, the department shall deposit, pursuant to sections 35-146 and 35-147, in the state general fund all monies received pursuant to this chapter, including the proceeds from the sale of abandoned property pursuant to section 44-312, except that:
1. The first two million dollars $3,000,000 of the monies shall be deposited each fiscal year in the seriously mentally ill housing trust fund established by section 41-3955.01.
2. The second two million five hundred thousand dollars $3,500,000 of the monies shall be deposited in the housing trust fund established by section 41-3955.
3. The next twenty-four million five hundred thousand dollars $24,500,000 of the monies shall be deposited each fiscal year in the department of revenue administrative fund established by section 42-1116.01.
4. The next $1,000,000 of the monies shall be deposited each fiscal year in the veteran housing trust fund established by section 36-2921.
B. The department shall deposit monies from unclaimed shares and dividends of any corporation incorporated under the laws of this state in the permanent state school fund pursuant to article XI, section 8, Constitution of Arizona.
C. The department shall deposit monies from unclaimed victim restitution payments in the victim compensation and assistance fund established by section 41-2407 for the purpose of establishing, maintaining and supporting programs that compensate and assist victims of crime.
D. The department shall retain in a separate trust fund at least one hundred thousand dollars $100,000 from which the department shall pay claims.
E. Before making the deposit, the department shall record the name and last known address of each person who appears from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary. The department shall also record the policy or contract number of each policy or contract of an insurance company that is listed in the report, the name of the company and the amount due. The department shall make the record available for public inspection during reasonable business hours."
Amend title to conform