Arizona § 5-1212 Fantasy sports contest fund

Arizona Statutes

§ 5-1212 — Fantasy sports contest fund

Arizona·Title 5 Arizona Revised Statutes·Ch. 10 FANTASY SPORTS CONTESTS·Art. 1 General Provisions

A.The fantasy sports contest fund is established consisting of monies deposited pursuant to section 5-1211 or from any other source. The department shall administer the fund. Monies in the fund are subject to legislative appropriation.

B.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.

C.The department may spend not more than ten percent of monies on the department's annual costs of regulating and enforcing this chapter unless otherwise provided by the legislature. At the end of each fiscal year, any revenues collected in excess of the amount appropriated from the fund shall be transferred to the state general fund.

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

A. The fantasy sports contest fund is established consisting of monies deposited pursuant to section 5-1211 or from any other source. The department shall administer the fund. Monies in the fund are subject to legislative appropriation.

B. 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.

C. The department may spend not more than ten percent of monies on the department's annual costs of regulating and enforcing this chapter unless otherwise provided by the legislature. At the end of each fiscal year, any revenues collected in excess of the amount appropriated from the fund shall be transferred to the state general fund.

Arizona § 5-1212 (Fantasy sports contest fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.