This bill proposes the establishment of a new "homeless shelter and services fund" under the Arizona Revised Statutes, specifically adding section 41-3958. The fund will be administered by the Arizona Department of Housing and will consist of legislative appropriations, other directed funds, and investment earnings. The state treasurer will manage the investment of these funds, and the earnings will be credited back to the fund.

Additionally, the bill stipulates that the funds will be continuously appropriated for the purpose of awarding grants to various entities, including counties, cities, towns, Indian tribes, and nonprofit organizations, to support programs aimed at providing shelter and services to individuals experiencing homelessness. The bill also ensures that the funds are exempt from lapsing provisions and appropriates $50,000,000 from the state general fund for the fiscal year 2025-2026 to support this initiative.

Statutes affected:
Introduced Version: 41-3958