The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. A school district governing board, or the superintendent or chief administrative officer with the approval of the governing board, may establish a permanent teacherage fund. Such fund shall be comprised of proceeds obtained from the lease of teacherages within the school district. Monies in such fund may be used for any of the following purposes:
1. Maintenance and operation of teacherages.
2. Debt service related to teacherages.
3. Purchase of houses, including mobile or modular housing, to be used exclusively as teacherages for school districts located on Indian and federal lands.
4. Reduction of the local tax levy if accumulation in such fund warrants such use.
B. Monies in a permanent teacherage fund are not subject to reversion.
C. For the purposes of this section, "teacherage" means any housing facilities for teachers and other school employees provided by a school district pursuant to section 15-342, paragraph 6.