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§ 43-409 Job creation withholdings clearing account

AZ Rev Stat § 43-409 (2019) (N/A)
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43-409. Job creation withholdings clearing account

A. The job creation withholdings clearing account is established consisting of the sum of $21, 500, 000 in fiscal year 2018-2019 and $15, 500, 000 in each fiscal year after fiscal year 2018-2019.

B. On the twentieth day of each month, the state treasurer shall credit the following amounts from the clearing account:

1. To the Arizona commerce authority fund established by section 41-1506, one-twelfth of the annual sum of $10, 000, 000 in each fiscal year.

2. To the Arizona competes fund established by section 41-1545.01, one-twelfth of the annual sum of $11, 500, 000 in fiscal year 2018-2019 and $5, 500, 000 in each fiscal year after fiscal year 2018-2019.

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