SB1348 amends Arizona's tourism and sports authority fund management.

SB1348 amends section 5-832 of the Arizona Revised Statutes to revise the management of the tourism and sports authority's general fund. The fund is divided into a construction account, a facility revenue clearing account, and a tourism revenue clearing account. The authority can establish additional accounts and subaccounts as needed. All revenues and funds received by the authority must be deposited into these accounts and subaccounts. The authority can invest unexpended funds, with interest and income credited to the respective accounts.

SB1348 amends Arizona's tourism and sports authority fund management.

SB1348 amends section 5-832 of the Arizona Revised Statutes to revise the management of the tourism and sports authority's general fund. The fund is divided into a construction account, a facility revenue clearing account, and a tourism revenue clearing account. The authority can establish additional accounts and subaccounts as needed. All revenues and funds received by the authority must be deposited into these accounts and subaccounts. The authority can invest unexpended funds, with interest and income credited to the respective accounts.