housing trust fund; unclaimed property.

Summary

The bill amends Arizona law to require that money from the sale of abandoned property and other unclaimed assets be deposited into several state trust funds, including a housing trust fund and a victim compensation fund. It sets specific yearly allocations, such as $2 million for seriously mentally ill housing and $24.5 million for a revenue administrative fund, and mandates record‑keeping of owners for public inspection. This aims to channel otherwise idle funds toward affordable housing, education, and victim support.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share