15-973.01 - Arizona Statutes

15-973.01. Assistance for education fund A. The assistance for education fund is established consisting of monies received pursuant to section 43-617. B. The state board of education shall administer the fund. On notice from the state board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313 and monies earned from investments shall be credited to the fund. Monies in the fund: 1. Are continuously appropriated to the state board of education. 2. Are exempt from the provisions of section 35-190, relating to lapsing of appropriations. C. The state board of education shall accumulate monies until those monies are sufficient to provide a minimum of five dollars per unweighted student count and shall distribute monies in the fund to school districts and charter schools at the same time, in the same manner and in the same proportions as state aid from appropriations made pursuant to sections 15-185 and 15-973. D. Monies in the fund shall not be used to reduce the general fund requirement for state aid.