The proposed bill seeks to amend section 5-838 of the Arizona Revised Statutes, specifically regarding the operations of the tourism and sports authority. Under current law, the authority is required to establish a youth and amateur sports facilities reserve and manage funds transmitted to this reserve.
The bill introduces a change by updating the reference to the monthly distribution amount from the reserve to the account, replacing the current paragraph reference from
3 to
4. This adjustment aims to clarify the financial management process within the authority's operations while maintaining the overall structure of the existing statute.
Statutes affected: Introduced Version: 5-838