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ARIZONA STATE SENATE
Fifty-Sixth Legislature, First Regular Session
public safety investment fund; appropriation
Purpose
Establishes the Public Safety Investment Fund (Investment Fund) to be administered by the State Treasurer. Appropriates $45 million from the state General Fund (state GF) in FY 2024 to the Investment Fund for distribution to law enforcement agencies for equipment and training.
Background
The Peace
Officer Training Equipment Fund (Equipment Fund) is administered by the State
Treasurer and consists of monies collected from a $9 surcharge, of which $4 is
deposited into the Equipment Fund, on fees charged by court authorized
diversion programs, and another $4 assessment levied on all civil and criminal traffic
violation penalties. The Peace Officer Training Equipment Fund Advisory
Commission is tasked with annually submitting written recommendations on the
allocation of monies in the Equipment Fund (A.R.S. §§ 41-1731
and
41-1732).
S.B. 1187 appropriates $45 million from the state GF in FY 2024 to the Investment Fund.
Provisions
1. Establishes the Investment Fund consisting of legislative appropriations.
2. Appropriates $45 million from the state GF in FY 2024 to the Investment Fund, and further appropriates from the Investment Fund to the State Treasurer.
3. Requires the State Treasurer to administer the Investment Fund and distribute monies in the Investment Fund to law enforcement agencies for equipment and training.
4. Specifies that monies in the Investment Fund are subject to legislative appropriation.
5. Exempts the appropriation from lapsing.
6. Becomes effective on the general effective date.
Prepared by Senate Research
February 6, 2023
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