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Code · Arizona · Title 36 — Public Contracts

36-446.08. Nursing care institution administrators' licensing and assisted living facility managers' certification fund; investment of fund monies

154 words·~1 min read·/az/title-36/36-446-08

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(L24, Ch. 222, sec. 54. Eff. 7/1/28)
A. The nursing care institution administrators' licensing and assisted living facility managers' certification fund is established.
B. Pursuant to sections 35-146 and 35-147, the board shall deposit ten percent of all monies collected pursuant to this article in the state general fund and deposit the remaining ninety percent in the nursing care institution administrators' licensing and assisted living facility managers' certification fund. All monies derived from civil penalties collected pursuant to section 36-446.07, subsection C shall be deposited, pursuant to sections 35-146 and 35-147, in the state general fund.
C. Monies deposited in the nursing care institution administrators' licensing and assisted living facility managers' certification fund are subject to the provisions of section 35-143.01.
D. On notice from the board, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
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