Ariz. Rev. Stat. § 36-446.08

Current through L. 2024, ch. 259
Section 36-446.08 - [Effective Until 6/30/2028] Nursing care institution administrators' licensing and assisted living facility managers' certification fund; investment of fund monies
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 fifteen percent of all monies collected pursuant to this article in the state general fund and deposit the remaining eighty-five 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.

A.R.S. § 36-446.08

Amended by L. 2024, ch. 222,s. 53, eff. 9/14/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.