6-135.01. Department receivership revolving fund; use of fund
130 words·~1 min read·
/az/title-6/6-135-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The department receivership revolving fund is established to be administered by the deputy director. The fund shall consist of monies from the following sources:
1. Monies awarded and received as fees and costs in receiverships in which the deputy director was the receiver, as provided in section 6-131.01.
2. Monies received from the department revolving fund, as provided in section 6-135, subsection B.
B. Monies in the fund may be used to pay any costs incurred by the division arising out of the administration of a receivership in which the deputy director is the receiver.
C. The director shall submit to the legislature with the department's annual budget request a full and complete account of the department receivership revolving fund through the end of its most recent fiscal year.