This bill proposes the establishment of a new section, 15-1650.07, in the Arizona Revised Statutes, which will create the Tribal Community College Operations Fund. This fund will consist of legislative appropriations and various contributions, and it will be administered by the Department of Administration. The fund is designed to support operational expenses for tribal community colleges, including the establishment of instructional programs. Additionally, the bill specifies that the fund's monies are exempt from lapsing provisions and outlines the investment and management of these funds 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 the newly established Tribal Community College Operations Fund. This funding is intended to support the operations of tribal community colleges in Arizona. The act may be cited as the "Tribal Higher Education Fund Act," thereby formalizing its purpose and intent within state law.

Statutes affected:
Introduced Version: 15-1650.07