§ 28-7315 — Arizona highways magazine fund

A. An Arizona highways magazine fund is established.

B. The fund consists of monies:

1. Appropriated by the legislature from the state highway fund of not more than $500,000 annually.

2. Received from the sales of subscriptions, single copies, maps, pamphlets and other descriptive material.

3. Deposited pursuant to section 28-2429.

4. Donated to the Arizona highways magazine to promote tourism in this state as prescribed in section 28-7312.

C. The monies appropriated to the fund shall be spent in conformity with the laws governing state financial operations, except that:

1. Balances remaining at the end of the fiscal year do not revert to the general or state highway fund.

2. Expenditures are exempt from section 35-173.

D. The state treasurer shall invest and divest monies in the Arizona highways magazine fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.