15-1641. University collegiate special plate funds; purpose
A. The Arizona board of regents shall establish a separate university collegiate special plate fund for each university, as described in section 15-1601, consisting of monies received by the board from collegiate plate annual donations for universities pursuant to section 28-2412.
B. The board of regents shall require each university, as described in section 15-1601, to submit a plan for approval of the expenditure of monies in the appropriate fund. All monies in the fund shall only be used for academic scholarships. Each university shall annually report to the board of regents the percentage of monies that was expended on behalf of minority applicants.
C. The board of regents may delegate to a state university foundation approved by each university, as described in section 15-1601, the right to market and promote the purchase of collegiate special plates. No dues, fees or charges except those specified in section 28-2412 may be levied or collected by a state university foundation in connection with collegiate special plates.
D. The fund established in this section is exempt from section 35-190 relating to lapsing of appropriations. At the direction of the board the state treasurer may invest and divest inactive monies in the fund as provided by section 35-313. The state treasurer shall credit all interest earned on the fund monies to the fund.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.