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.
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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.
15-1467 - State aid appropriations; disbursement procedure; district fund
15-1467. State aid appropriations; disbursement procedure; district fund
A. Appropriations for state aid to districts shall be distributed to each community college district in accordance with section 15-1466.
B. The state treasurer shall disburse one-fourth of the annual amount of the monies to each district in the first month of each quarter for the support and maintenance of the district, to be expended as provided by law. If no community college exists, the department shall establish a fund for new future districts to be disbursed as needed.
C. Notwithstanding subsection B of this section, a district may request the state treasurer to disburse the monies to the local government investment pool for deposit into the district's account as established in section 35-326.