Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 41. State Government § 41-1545.01. Arizona competes fund

Current as of January 01, 2025 | Updated by Findlaw Staff

A. The Arizona competes fund is established consisting of:

1. Withholding tax revenues allocated to the fund from the job creation withholdings clearing account pursuant to § 43-409, subsection B, paragraph 2.

2. Any other amounts dedicated to the fund by law.

3. Gifts, grants and other donations received for that purpose.

4. Any available monies received from the United States government, including monies from the American recovery and reinvestment act of 2009 (P.L. 111-5).

B. Monies credited to the fund may be deposited in the state treasury or in a bank or other depository pursuant to § 41-1504, subsection D, paragraph 5.

C. The chief executive officer shall administer the fund. On notice from the chief executive officer, the state treasurer shall invest and divest any monies in the fund deposited in the state treasury as provided by § 35-313, and monies earned from investment shall be credited to the fund. Monies in the fund are exempt from the provisions of § 35-190 relating to lapsing of appropriations.

D. The chief executive officer shall use monies in the fund exclusively for the purposes of this article.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-1545.01. Arizona competes fund - last updated January 01, 2025 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-1545-01/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard