Arizona SB1365 amends the citrus, fruit and vegetable trust fund to clarify its administration and use.

Arizona SB1365 amends section 3-447 of the Arizona Revised Statutes to clarify the administration and use of the citrus, fruit and vegetable trust fund. The fund is established for agricultural programs, with the director acting as trustee and the state treasurer managing investments. Monies in the fund are exempt from lapsing appropriations and do not revert to the state general fund. The department must report annually on fund activities and post the report on its website. Unexpended funds at year-end are carried forward to the next fiscal year.

Arizona SB1365 amends the citrus, fruit and vegetable trust fund to clarify its administration and use.

Arizona SB1365 amends section 3-447 of the Arizona Revised Statutes to clarify the administration and use of the citrus, fruit and vegetable trust fund. The fund is established for agricultural programs, with the director acting as trustee and the state treasurer managing investments. Monies in the fund are exempt from lapsing appropriations and do not revert to the state general fund. The department must report annually on fund activities and post the report on its website. Unexpended funds at year-end are carried forward to the next fiscal year.