Arizona Revised Statutes § 6-135.01 Department Receivership Revolving Fund; Use Of Fund

6-135.01. Department receivership revolving fund; use of fund

A. A department receivership revolving fund is established to be administered by the superintendent. The fund shall consist of monies from the following sources:

1. Monies awarded and received as fees and costs in receiverships in which the superintendent was the receiver, as provided in section 6-131.01.

2. Monies received from the department revolving fund, as provided in section 6-135, subsection B.

B. Monies in the fund may be used to pay any costs incurred by the department arising out of the administration of a receivership in which the superintendent is the receiver.

C. The superintendent shall submit to the legislature with the department's annual budget request a full and complete account of the department receivership revolving fund through the end of its most recent fiscal year.

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Last modified: October 13, 2016