housing trust fund; unclaimed property

Summary

The bill amends Arizona law on unclaimed property, directing most of the money to the state housing trust fund, with a portion earmarked for rural housing and for a trust fund for seriously mentally ill housing. It also allocates smaller amounts to a revenue administrative fund, the permanent state school fund, and a victim‑compensation fund, while requiring record‑keeping and a $100,000 reserve for claims. The changes affect the Department of Revenue’s handling of unclaimed assets and the beneficiaries of the new housing allocations.

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