32-591. Financing of the commission; assessments; annual review
250 words·~1 min read·
/az/title-32/32-591A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The commission shall pay, or provide for the payment of, the reasonable expenses of its establishment, organization and ongoing activities.
B. The commission may accept any and all appropriate sources of revenue, donations and grants of monies, equipment, supplies, materials and services.
C. The commission may levy on and collect an annual assessment from each member state and impose fees on licensees of member states to whom it grants a multistate license to cover the cost of the operations and activities of the commission and its staff, which must be in a total amount sufficient to cover its annual budget as approved each year for which revenue is not provided by other sources. The aggregate annual assessment amount for member states shall be allocated based on a formula that the commission adopts by rule.
D. The commission may not incur obligations of any kind before securing the monies adequate to meet the obligations. The commission may not pledge the credit of any member states, except by and with the authority of the member state.
E. The commission shall keep accurate accounts of all receipts and disbursements. The receipts and disbursements of the commission are subject to the financial review and accounting procedures established under its bylaws. All receipts and disbursements of monies handled by the commission are subject to an annual financial review by a certified or licensed public accountant, and the report of the financial review shall be included in and become part of the commission's annual report.