Arizona § 28-7387 Smart highway corridor trust fund; purpose

Arizona Statutes

§ 28-7387 — Smart highway corridor trust fund; purpose

Arizona § 28-7387

Title 28Arizona Revised Statutes

Ch. 20STATE HIGHWAYS AND ROUTES

Art. 14Telecommunication Facility Installation

This text of Arizona § 28-7387 (Smart highway corridor trust fund; purpose) 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. § 28-7387 (2026).

Text

A.The smart highway corridor trust fund is established consisting of the following:

1.Legislative appropriations.

2.Monies received from the sales or leases of rights-of-way, telecommunication facilities and telecommunication services pursuant to sections 28-7385 and 28-7386.

3.Monies received from providers to reimburse costs for compensation claims pursuant to section 28-7382.

B.Monies in the smart highway corridor trust fund shall be used for the following:

1.The maintenance, operation and expansion of telecommunication facilities and telecommunication services within rights-of-way that are managed by the department.

2.The payment of compensation pursuant to section 28-7382.

C.The department shall administer the fund. Monies in the fund are continuously appropriated. Moni

Free access — add to your briefcase to read the full text and ask questions with AI

A. The smart highway corridor trust fund is established consisting of the following:

1. Legislative appropriations.

2. Monies received from the sales or leases of rights-of-way, telecommunication facilities and telecommunication services pursuant to sections 28-7385 and 28-7386.

3. Monies received from providers to reimburse costs for compensation claims pursuant to section 28-7382.

B. Monies in the smart highway corridor trust fund shall be used for the following:

1. The maintenance, operation and expansion of telecommunication facilities and telecommunication services within rights-of-way that are managed by the department.

2. The payment of compensation pursuant to section 28-7382.

C. The department shall administer the fund. Monies in the fund are continuously appropriated. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.

D. On notice from the department, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.