Arizona § 15-1106 Permanent teacherage fund; uses; definition

Arizona Statutes

§ 15-1106 — Permanent teacherage fund; uses; definition

Arizona § 15-1106

Title 15Arizona Revised Statutes

Ch. 10SCHOOL DISTRICT FUNDS AND RELATED OPERATIONS

Art. 1Revolving Funds; School Plant, Insurance Proceeds, Unemployment Compensation, Civic Center School and Permanent Teacherage Funds

This text of Arizona § 15-1106 (Permanent teacherage fund; uses; definition) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 15-1106 (2026).

Text

A.A school district governing board, or the superintendent or chief administrative officer with the approval of the governing board, may establish a permanent teacherage fund. Such fund shall be comprised of proceeds obtained from the lease of teacherages within the school district. Monies in such fund may be used for any of the following purposes:

1.Maintenance and operation of teacherages.

2.Debt service related to teacherages.

3.Purchase of houses, including mobile or modular housing, to be used exclusively as teacherages for school districts located on Indian and federal lands.

4.Reduction of the local tax levy if accumulation in such fund warrants such use.

B.Monies in a permanent teacherage fund are not subject to reversion.

C.For the purposes of this section, "teacherag

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A. A school district governing board, or the superintendent or chief administrative officer with the approval of the governing board, may establish a permanent teacherage fund. Such fund shall be comprised of proceeds obtained from the lease of teacherages within the school district. Monies in such fund may be used for any of the following purposes:

1. Maintenance and operation of teacherages.

2. Debt service related to teacherages.

3. Purchase of houses, including mobile or modular housing, to be used exclusively as teacherages for school districts located on Indian and federal lands.

4. Reduction of the local tax levy if accumulation in such fund warrants such use.

B. Monies in a permanent teacherage fund are not subject to reversion.

C. For the purposes of this section, "teacherage" means any housing facilities for teachers and other school employees provided by a school district pursuant to section 15-342, paragraph 6.