Arizona HB4077 amends the Arizona State Schools for the Deaf and Blind to establish a capital improvement and school facilities fund.

Arizona HB4077 amends the Arizona State Schools for the Deaf and Blind to establish a capital improvement and school facilities fund. The fund consists of proceeds from the sale of property, gifts, grants, donations, devises, and monies from any other lawful source. The board of directors for the schools may use the fund for capital improvements, including new construction, maintenance, and renovations. The fund is exempt from lapsing of appropriations. The board may also invest monies donated to the schools through a contract with an investment specialist.

Arizona HB4077 amends the Arizona State Schools for the Deaf and Blind to establish a capital improvement and school facilities fund.

Arizona HB4077 amends the Arizona State Schools for the Deaf and Blind to establish a capital improvement and school facilities fund. The fund consists of proceeds from the sale of property, gifts, grants, donations, devises, and monies from any other lawful source. The board of directors for the schools may use the fund for capital improvements, including new construction, maintenance, and renovations. The fund is exempt from lapsing of appropriations. The board may also invest monies donated to the schools through a contract with an investment specialist.