2005 Arizona Revised Statutes - Revised Statutes §28-8101  Local transportation assistance fund

A. A local transportation assistance fund is established consisting of:

1. Monies deposited from the state lottery fund pursuant to section 5-522.

2. Monies appropriated pursuant to subsection B of this section.

3. Monies deposited pursuant to section 28-5808, subsection C.

4. Interest earned on local transportation assistance monies as provided in subsection C of this section.

B. The legislature shall appropriate an amount that is necessary to provide that the total monies available in the local transportation assistance fund for each fiscal year equal twenty million five hundred thousand dollars.

C. The state treasurer shall invest and divest monies in the local transportation assistance fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

D. A maximum amount of twenty-three million dollars may be deposited in the local transportation assistance fund each fiscal year from the state lottery fund as provided in section 5-522, subsection B.

E. A maximum amount of eighteen million dollars may be deposited in the local transportation assistance fund each fiscal year from the state lottery fund as provided in section 5-522, subsection A, paragraphs 4 and 6.