Arizona HB2711 allocates unclaimed property funds to various trust funds, including housing and mental health housing.
Arizona HB2711 amends the allocation of unclaimed property funds. Fifty-five percent of the funds will go to the housing trust fund, with a portion specifically for rural housing development. An additional $2,000,000 annually will be allocated to the seriously mentally ill housing trust fund. The next $24,500,000 will be deposited in the department of revenue administrative fund. Monies from unclaimed shares and dividends of corporations will go to the permanent state school fund.
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