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 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.

Current language regarding the administration of the VDF and the use of its funds remains largely unchanged, but specific references to the types of veterans and their families eligible for assistance are updated to reflect current military terminology. The bill also mandates that the State Treasurer invest and manage the funds in both the VDF and the new subaccount, ensuring that any earnings from these investments are credited accordingly. 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
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