The proposed bill would amend current statutes related to the Veterans' Donations Fund (VDF) and the State Homes for Veterans Trust Fund (SHVF). Specifically, it would require the Arizona Department of Veterans' Services (ADVS) 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, such as updating the language to reflect the current status of U.S. Army members and clarifying the investment and management of funds. It specifies that the State Treasurer must invest and divest the funds in both the VDF and the new subaccount, with any earnings credited accordingly. Overall, these updates aim to enhance the support and resources available for veterans in Arizona.

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
Senate Engrossed 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