3-447 - Arizona Statutes

3-447. Citrus, fruit and vegetable revolving fund; administration A. The citrus, fruit and vegetable revolving fund is established consisting of revenues from assessments and other monies designated for deposit in the fund in this article and article 4 of this chapter in order to provide the necessary monies to enforce this article and article 4 of this chapter. The fund shall be used solely for the purpose of administering the provisions of this article and article 4 of this chapter. Monies in the fund may be invested pursuant to section 35-313 and all interest earned on these monies shall be credited to the fund. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. B. The department shall make a detailed accounting on or before November 1 of each year of all monies paid into and disbursed from the citrus, fruit and vegetable revolving fund during the preceding fiscal year and transmit the report to the citrus, fruit and vegetable advisory council on or before December 1. C. Any monies remaining unexpended in the fund on June 30 each year shall be carried forward to the following year, and the supervisor shall take that amount into account in computing the assessments for that year.