2016 Arizona Revised Statutes
Title 15 - Education
§ 15-1447 Community college district collegiate special plate funds; purpose
15-1447. Community college district collegiate special plate funds; purpose
A. A community college district with a full-time equivalent student enrollment pursuant to section 15-1466.01 of more than fifty thousand students shall establish a community college district collegiate special plate fund consisting of monies received pursuant to section 28-2412. The district shall administer the fund. All monies in the fund shall be used only for academic scholarships.
B. The fund established in this section is exempt from section 35-190 relating to lapsing of appropriations. At the direction of the community college district the state treasurer may invest and divest inactive monies in the fund as provided by section 35-313. The state treasurer shall credit all interest earned on the fund monies to the fund.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
