This bill proposes an amendment to section 41-3955 of the Arizona Revised Statutes, specifically regarding the allocation of funds from the housing trust fund. Under current law, the statute allows for an amount not to exceed ten percent of the housing trust fund monies to be appropriated annually by the legislature for administrative costs related to the housing trust fund.

The proposed change would modify the language to state that "not more than" ten percent of the housing trust fund monies may be appropriated for these administrative costs. This adjustment clarifies the phrasing without altering the percentage limit, ensuring that the legislative intent remains consistent while updating the statutory language for clarity.

Statutes affected:
Introduced Version: 41-3955