Arizona HB4142 amends the use of state lottery funds, prioritizing debt service and specific allocations to various programs and funds.
Arizona HB4142 amends the use of state lottery funds, prioritizing debt service for revenue bonds and specific allocations to various programs and funds. It mandates that the state lottery revenue bond debt service fund is secured by a first lien on the state lottery fund after operating costs until it meets bond requirements. It appropriates up to $1,000,000 or the remaining balance in the fund, whichever is less, to the Department of Economic Security for grants to nonprofit organizations for homeless shelters and support services.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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