The proposed bill would amend current statutes related to the Veterans' Donations Fund (VDF) and the State Homes for Veterans Trust Fund (SHVF). Under the new provisions, the Arizona Department of Veterans' Services (ADVS) would be required to annually transfer 15 percent of all VDF monies to a newly established subaccount within the SHVF. This subaccount would be dedicated to supporting the needs of veterans residing in state-operated nursing and domiciliary homes, including the purchase of necessary equipment and funding for improvements and ongoing maintenance. Additionally, the bill allows ADVS to use up to $150,000 from the VDF each fiscal year for administrative purposes and allocates two full-time equivalent positions for this administration.

The bill also includes technical changes and clarifications, such as the establishment of a separate subaccount for the transferred funds and the requirement for the State Treasurer to manage investments for both the fund and the subaccount. The existing language regarding the administration of the VDF and its appropriations remains largely intact, with the exception of the new transfer requirement and the specific uses for the subaccount funds. Overall, the bill aims to enhance the support provided to veterans through more structured financial management and dedicated resources.

Statutes affected:
Introduced Version: 41-608, 41-608.01, 28-2414, 28-2428, 28-2431, 28-2447, 28-2454, 28-2470.10, 28-2473, 28-2474, 28-2475, 28-2476, 43-620, 35-190, 35-146, 35-147, 41-1363, 35-313