Arizona Revised Statutes Title 41. State Government § 41-314. Notary bond fund; purpose; exemption

A. The notary bond fund is established consisting of monies received pursuant to § 41-178.

B. The secretary of state shall administer the fund and spend monies in the fund in order to defray the cost of the secretary of state's office assuming the responsibilities associated with the processing and administration of notary bonds.

C. On notice from the secretary of state, the state treasurer shall invest and divest monies in the fund as provided by § 35-313, and monies earned from investment shall be credited to the fund.

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