Bill Text: AZ SB1200 | 2014 | Fifty-first Legislature 2nd Regular | Introduced
Bill Title: Elderly assistance fund; public outreach
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2014-02-17 - Senate GE Committee action: Held [SB1200 Detail]
Download: Arizona-2014-SB1200-Introduced.html
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REFERENCE TITLE: elderly assistance fund; public outreach |
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State of Arizona Senate Fifty-first Legislature Second Regular Session 2014
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SB 1200 |
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Introduced by Senator Burges
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AN ACT
amending section 42‑17401, Arizona Revised Statutes; relating to the Elderly assistance fund.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 42-17401, Arizona Revised Statutes, is amended to read:
42-17401. Elderly assistance fund; primary school district tax reduction; public outreach; definition
A. An elderly assistance fund shall be established by the board of supervisors in a county with a population of more than two million persons and may be established by the board of supervisors in a county with a population equal to or less than two million persons to be administered by the county treasurer. The fund shall be used to reduce the primary school district taxes pursuant to subsection B of this section.
B. On June 30 of each year, the county treasurer shall determine the total amount of monies in the elderly assistance fund and the total number of qualified individuals who live in the county. The county treasurer shall use the monies in the fund to proportionately reduce the primary school district taxes that are levied against the property of all qualified individuals in the county for the following tax year.
C. The county treasurer shall invest monies in the fund. Interest earned on fund monies shall be deposited in the taxpayer's information fund established by section 11-495.
D. The county treasurer shall determine the amount of excess monies remaining in the fund after reducing the primary school district taxes pursuant to subsection b of this section and shall transfer the excess monies to the county general fund. The county board of supervisors shall use the excess monies for outreach to inform the public of the availability of this program and of other programs for qualified individuals and to provide assistance with applications for this program and other programs for qualified individuals.
D. E. For the purposes of this section, “qualified individual” means an individual who lives in an organized school district and who is approved for the property valuation protection option pursuant to article IX, section 18, subsection (7), Constitution of Arizona.
