41-533 - Arizona Statutes

41-533. Arizona commission of African-American affairs fund A. The Arizona commission of African-American affairs fund is established. The monies in the Arizona commission of African-American affairs fund are continuously appropriated to the Arizona commission of African-American affairs. The fund consists of monies received pursuant to section 41-532. The state treasurer shall invest and divest all monies in the Arizona commission on African-American affairs fund as provided by section 35-313, and monies earned from investment shall be credited to the fund. The state treasurer shall administer the fund. The monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. B. The state treasurer shall pay the costs and expenses authorized by this article from the monies available in the Arizona commission of African-American affairs fund on certification to the state treasurer by the chairperson of the Arizona commission of African-American affairs that the amount requested is owed for a valid purpose.