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Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-135.01. Department receivership revolving fund; use of fund

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

A. The department receivership revolving fund is established to be administered by the deputy director. The fund shall consist of monies from the following sources:

1. Monies awarded and received as fees and costs in receiverships in which the deputy director was the receiver, as provided in § 6-131.01.

2. Monies received from the department revolving fund, as provided in § 6-135, subsection B.

B. Monies in the fund may be used to pay any costs incurred by the division arising out of the administration of a receivership in which the deputy director is the receiver.

C. The director shall submit to the legislature with the department's annual budget request a full and complete account of the department receivership revolving fund through the end of its most recent fiscal year.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-135.01. Department receivership revolving fund; use of fund - last updated January 01, 2025 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-135-01/

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