technical correction; state school fund
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This resolution proposes an amendment to the Arizona Constitution to clarify the sources of funding for the Permanent State School Fund. Specifically, it expands the sources of revenue to include unclaimed corporate shares and dividends, as well as gifts and bequests for general educational purposes. The fund is currently derived from the sale of public school lands and estates that escheat to the state. The amendment aims to ensure a more stable and diverse funding stream for Arizona’s common and high schools.
Key provisions
- Expands the sources of revenue for the Permanent State School Fund.
- Includes unclaimed corporate shares and dividends as a source of funding.
- Adds gifts, devises, and bequests for general educational purposes.
- Clarifies that the fund is solely for common and high school education.
- Specifies that rental income from school lands is to be used for education.
Who is affected
- Arizona Public Schools
- Students in Arizona
- The State of Arizona
- The Permanent State School Fund
Notable changes
- Broadens the definition of allowable revenue sources for the Permanent State School Fund.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours