State Codes and Statutes

Statutes > Arizona > Title32 > 32-2193.40

32-2193.40. Management of fund

A. The commissioner shall deposit, pursuant to sections 35-146 and 35-147, monies received pursuant to this article in the condominium recovery fund. The monies shall be held by the commissioner in trust for carrying out the purposes of this article.

B. On notice from the commissioner, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. Notwithstanding any other law, the commissioner may spend monies from the fund necessary to administer the fund and to increase public awareness of the fund, not to exceed fifty thousand dollars in any fiscal year.

State Codes and Statutes

Statutes > Arizona > Title32 > 32-2193.40

32-2193.40. Management of fund

A. The commissioner shall deposit, pursuant to sections 35-146 and 35-147, monies received pursuant to this article in the condominium recovery fund. The monies shall be held by the commissioner in trust for carrying out the purposes of this article.

B. On notice from the commissioner, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. Notwithstanding any other law, the commissioner may spend monies from the fund necessary to administer the fund and to increase public awareness of the fund, not to exceed fifty thousand dollars in any fiscal year.


State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title32 > 32-2193.40

32-2193.40. Management of fund

A. The commissioner shall deposit, pursuant to sections 35-146 and 35-147, monies received pursuant to this article in the condominium recovery fund. The monies shall be held by the commissioner in trust for carrying out the purposes of this article.

B. On notice from the commissioner, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.

C. Notwithstanding any other law, the commissioner may spend monies from the fund necessary to administer the fund and to increase public awareness of the fund, not to exceed fifty thousand dollars in any fiscal year.