17-271 - Arizona Statutes

17-271. Wildlife endowment fund A. A wildlife endowment fund is established to be used by the commission for wildlife conservation and management purposes. The fund consists of: 1. Revenues from sales of lifetime hunting and fishing licenses as provided by section 17-335.01. 2. Gifts, grants and contributions specifically designated for the fund. 3. Interest and investment income derived from monies in the fund as provided by subsection C of this section. B. Monies in the wildlife endowment fund are: 1. Subject to annual appropriation by the legislature pursuant to section 35-143.01. 2. Exempt from lapsing under section 35-190. C. The commission shall administer the wildlife endowment fund. On notice from the commission the state treasurer shall invest and divest monies in the wildlife endowment fund as provided by section 35-313, and monies earned from investment shall be credited to the fund. On July 1 of each year the department of administration shall transfer from the wildlife endowment fund to the game and fish fund an amount equal to the interest and investment income deposited in the wildlife endowment fund during the preceding fiscal year.