Statewide infrastructure trust fund; definition

A.R.S. § 28-7011 — under State Highway Fund and Budget.

A.R.S. § 28-7011

1. Monies appropriated by the legislature.

2. Any nonfederal gifts, grants, donations or other monies received by the state treasurer from any public or private source for transportation projects.

B. The monies in the fund shall be used to fund any phase of development or construction of transportation projects in the current fiscal year or next fiscal year.

C. Before any expenditure is made from the fund, the state treasurer and the department shall submit an expenditure plan for review to the joint committee on capital review.

D. For the purposes of this section, "transportation project" means any project that constructs a new federal or state highway or makes improvements to any existing federal or state highway.