2005 Arizona Revised Statutes - Revised Statutes §28-7282  Economic strength project fund

A. An economic strength project fund is established consisting of the monies allocated for projects listed by the department of commerce pursuant to section 41-1513.

B. Monies in the economic strength project fund shall be used to fund projects that are recommended by the commerce and economic development commission and that are approved by the transportation board.

C. Monies remaining in the economic strength project fund at the end of a fiscal year do not revert to the state general fund.

D. On notice from the board, the state treasurer shall invest and divest monies in the economic strength project fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.