LegalFix
Sign In

§ 44-2039 Securities regulatory and enforcement fund; purpose

AZ Rev Stat § 44-2039 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

44-2039. Securities regulatory and enforcement fund; purpose

A. The securities regulatory and enforcement fund is established and shall be administered by the commission under the conditions and for the purposes provided by this section. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing.

B. Fees collected pursuant to section 44-1861, subsections A, D and P and section 44-3324 shall be deposited, pursuant to sections 35-146 and 35-147, in the securities regulatory and enforcement fund, except as provided in subsection D of this section and except that all other revenues collected in each fiscal year in excess of the amount appropriated from the fund by the legislature shall be deposited in the state general fund.

C. Monies in the fund are subject to legislative appropriation. The commission shall use the monies in the fund for education and regulatory, investigative and enforcement operations in the securities division and a part of general administrative and hearing expenses of the commission.

D. On February 1 and June 30 of each year, monies deposited in the securities regulatory and enforcement fund pursuant to section 44-3324 are transferred to the state general fund.

Previous Section
§ 44-2038 Costs recoverable
Next Section
§ 44-2040 Violation; classification