SB 1345

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Sec. 15. Title 42, chapter 5, article 1, Arizona Revised Statutes,
is amended by adding section 42-5032.03, to read:
42-5032.03. Distribution of revenues for primary, secondary
and higher education; definitions
A. ALL MONIES COLLECTED PURSUANT TO ARTICLE IX, SECTION 12.2,
CONSTITUTION OF ARIZONA, SHALL BE DISTRIBUTED EACH FISCAL YEAR PURSUANT TO
THIS SECTION AS FOLLOWS:
1. SEVENTY PERCENT OF THE AMOUNT GENERATED BY THE TAX TO BE PAID IN
MONTHLY INSTALLMENTS TO THE CLASSROOM SITE FUND ESTABLISHED BY SECTION
15-977.
2. TWENTY PERCENT OF THE AMOUNT GENERATED BY THE TAX TO BE PAID IN
MONTHLY INSTALLMENTS IS APPROPRIATED AS FOLLOWS:
(a) THIRTY-FOUR PERCENT OF THE AMOUNT DISTRIBUTED PURSUANT TO THIS
PARAGRAPH TO THE TECHNOLOGY AND RESEARCH INITIATIVE FUND ESTABLISHED BY
SECTION 15-1648.
(b) SIXTY-SIX PERCENT OF THE AMOUNT DISTRIBUTED PURSUANT TO THIS
PARAGRAPH TO THE ARIZONA BOARD OF REGENTS TO BE DISTRIBUTED PROPORTIONALLY
TO EACH UNIVERSITY BASED ON THE NUMBER OF STUDENTS WHO RECEIVE IN-STATE
TUITION AT THAT UNIVERSITY TO SUBSIDIZE RESIDENT STUDENT TUITION COSTS.
3. FIVE PERCENT OF THE AMOUNT GENERATED BY THE TAX TO BE PAID IN
MONTHLY INSTALLMENTS IS APPROPRIATED AS FOLLOWS:
(A) $48,000,000 TO BE DISTRIBUTED AS FOLLOWS:
(i) $1,000,000 TO THE WORKFORCE DEVELOPMENT ACCOUNT ESTABLISHED IN
EACH COMMUNITY COLLEGE DISTRICT PURSUANT TO SECTION 15-1472 FOR THE
PURPOSE OF INVESTMENT IN WORKFORCE DEVELOPMENT PROGRAMS.
(ii) $300,000 TO EACH PROVISIONAL COMMUNITY COLLEGE DISTRICT
ESTABLISHED PURSUANT TO SECTION 15-1409 FOR TRADE AND WORKFORCE
DEVELOPMENT PROGRAMS. THIS ITEM DOES NOT APPLY TO A COMMUNITY COLLEGE
TUITION FINANCING DISTRICT ESTABLISHED PURSUANT TO SECTION 15-1409.
(iii) AFTER EACH COMMUNITY COLLEGE DISTRICT AND PROVISIONAL
COMMUNITY COLLEGE DISTRICT RECEIVES THE PAYMENT PRESCRIBED IN ITEM (i) OR
(ii) OF THIS SUBDIVISION, THE REMAINING MONIES SHALL BE DISTRIBUTED AS
PROVIDED BY SECTION 15-1472, SUBSECTION D.
(B) $2,000,000 TO BE DISTRIBUTED AS FOLLOWS:
(i) $500,000 TO THE TREASURER OR OTHER DESIGNATED DEPOSITORY OF
EACH QUALIFYING INDIAN TRIBE THAT OWNS, OPERATES OR CHARTERS A COMMUNITY
COLLEGE ON ITS INDIAN RESERVATION FOR EACH COMMUNITY COLLEGE THAT IS
OWNED, OPERATED OR CHARTERED ON ITS INDIAN RESERVATION FOR TRADE AND
WORKFORCE DEVELOPMENT PROGRAMS.
(II) AFTER EACH QUALIFYING INDIAN TRIBE HAS RECEIVED THE PAYMENT
PRESCRIBED IN ITEM (i) OF THIS SUBDIVISION, THE REMAINING MONIES SHALL BE
DISTRIBUTED PROPORTIONALLY TO EACH QUALIFYING INDIAN TRIBE THAT OWNS,
OPERATES OR CHARTERS A COMMUNITY COLLEGE ON ITS RESERVATION FOR EACH
COMMUNITY COLLEGE THAT IS OWNED, OPERATED OR CHARTERED ON ITS INDIAN
RESERVATION BASED ON THE FULL-TIME EQUIVALENT STUDENT COUNT.
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