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 law, 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 purchasing necessary equipment and funding ongoing maintenance and improvements. 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 to assist with this administration.

The bill also makes several technical changes, including the establishment of the SHVF subaccount and clarifying the investment and management of funds. It modifies existing language to specify that the subaccount will be used for various purposes related to the care of veterans, while also ensuring that the funds are exempt from lapsing provisions. 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