44-3298 - Arizona Statutes

44-3298. Investment management regulatory and enforcement fund; purpose A. An investment management regulatory and enforcement fund is established and shall be administered by the commission under the conditions and for the purposes provided by this section. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. B. Fees and costs collected pursuant to this chapter, unless otherwise designated, shall be deposited, pursuant to sections 35-146 and 35-147, in the fund. C. The commission shall use the monies in the fund for education and regulatory, investigative and enforcement operations in the securities division. D. If the amount of monies in the fund exceeds one hundred thousand dollars on December 31 of any calendar year, the amount in excess of one hundred thousand dollars reverts to the state general fund. Beginning with the fiscal year starting on July 1, 1996, monies in the fund are subject to annual legislative appropriation.