Arizona § 15-786 Acceptance of gifts or grants; fund; unexpended monies

Arizona Statutes

§ 15-786 — Acceptance of gifts or grants; fund; unexpended monies

Arizona § 15-786

Title 15Arizona Revised Statutes

Ch. 7INSTRUCTION

Art. 5Career and Technical Education and Vocational Education

This text of Arizona § 15-786 (Acceptance of gifts or grants; fund; unexpended monies) 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. § 15-786 (2026).

Text

A.The state board of education may accept gifts or grants of monies or property from public or private sources. The state board shall place the monies in a separate account designated as the career and technical education and vocational education fund.

B.If all or part of the monies accepted by the state board as provided in subsection A are not expended prior to the end of the fiscal year in which the gift or grant was accepted, the remaining balance of the amount remains in the career and technical education and vocational education fund until needed and does not revert to the state general fund at the close of the fiscal year.

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A. The state board of education may accept gifts or grants of monies or property from public or private sources. The state board shall place the monies in a separate account designated as the career and technical education and vocational education fund.

B. If all or part of the monies accepted by the state board as provided in subsection A are not expended prior to the end of the fiscal year in which the gift or grant was accepted, the remaining balance of the amount remains in the career and technical education and vocational education fund until needed and does not revert to the state general fund at the close of the fiscal year.