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Arizona Arizona Revised Statutes

§ 5-1212 — Fantasy sports contest fund

ARS § 5-1212Title 5. Amusements and Sports · Ch. 10. FANTASY SPORTS CONTESTS · Art. 1. General Provisions

Statute text

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5-1212. Fantasy sports contest fund 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.

Source: Arizona Arizona Revised Statutes § 5-1212 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.