Arizona § 41-2809 Investment of committed youths' monies; deposit of proceeds; commingling permitted

Arizona Statutes

§ 41-2809 — Investment of committed youths' monies; deposit of proceeds; commingling permitted

Arizona § 41-2809

Title 41Arizona Revised Statutes

Ch. 26DEPARTMENT OF JUVENILE CORRECTIONS

Art. 1Organization of Department of Juvenile Corrections

This text of Arizona § 41-2809 (Investment of committed youths' monies; deposit of proceeds; commingling permitted) 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. § 41-2809 (2026).

Text

The director may deposit any youth's monies in the director's possession in a separate account of the department of juvenile corrections fund established by section 41-2810 or, subject to the approval of the state treasurer, deposit such monies in interest bearing bank accounts. On notice from the director, youths' monies deposited in the juvenile corrections fund shall be invested pursuant to section 35-313. Any proceeds from investments or deposits shall be credited to the department of juvenile corrections youths' account.

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The director may deposit any youth's monies in the director's possession in a separate account of the department of juvenile corrections fund established by section 41-2810 or, subject to the approval of the state treasurer, deposit such monies in interest bearing bank accounts. On notice from the director, youths' monies deposited in the juvenile corrections fund shall be invested pursuant to section 35-313. Any proceeds from investments or deposits shall be credited to the department of juvenile corrections youths' account.