This bill proposes the establishment of a new fund, the tribal community college operations fund, which will consist of legislative appropriations and other contributions. The fund will be administered by the department of administration, which will distribute the funds to tribal community colleges in Arizona. The bill specifies that the funds can be used for operational expenses, including the establishment of instructional programs, and that the funds are exempt from lapsing provisions. Additionally, it outlines the investment and management of the fund by the state treasurer.

Furthermore, the bill appropriates $13,333,333 from the state general fund for each of the fiscal years 2025-2026, 2026-2027, and 2027-2028 to support the newly established fund. This act will be known as the "Tribal Higher Education Fund Act." There are no deletions from current law, and the new provisions will be added to the existing statutes.

Statutes affected:
Introduced Version: 15-1650.07