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Arizona Revised Statutes Title 41. State Government § 41-176. Navajo-Hopi land dispute county settlement fund; investment; distribution; exemption

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

A. A Navajo-Hopi land dispute county settlement fund is established consisting of the monies received by this state from the United States as a result of the Navajo-Hopi land dispute settlement act of 1996 (25 United States Code § 640(d)-NOTE).

B. The state treasurer shall administer the fund as a continuing appropriation and shall invest and divest monies in the fund as provided by § 35-313, and monies earned from investment shall be credited to the fund.

C. In consultation with the counties, each year the state treasurer shall pay to each county a share of the fund monies earned from investment based on the percentage of total land in each county that is owned by the Hopi tribe that is removed from the county tax rolls as a result of the Navajo-Hopi land dispute settlement act of 1996 (25 United States Code § 640(d)-NOTE).

D. Monies in the fund are exempt from the provisions of § 35-190 relating to lapsing of appropriations.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 41. State Government § 41-176. Navajo-Hopi land dispute county settlement fund; investment; distribution; exemption - last updated January 01, 2025 | https://codes.findlaw.com/az/title-41-state-government/az-rev-st-sect-41-176/

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