45-2111 - Arizona water protection fund

A. The Arizona water protection fund is established in the state treasury. The commission shall administer the fund.

B. The commission may grant monies from the fund to reimburse or advance monies to persons pursuant to section 45-2113. Grants made pursuant to this article are exempt from title 41, chapter 23.

C. On notice from the commission, the state treasurer shall invest and divest monies in the fund as provided by section 35-313. The state treasurer shall credit monies earned from these investments to the fund. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.