technical correction; state school fund

57th Legislature - Second Regular Session Introduced by Alex Kolodin

Clarifies and limits the Permanent State School Fund sources and directs its rental income specifically to Arizona's common and high school education.

House First Reading.

Summary of Bill: HCR 2030 (Arizona) – Technical correction; state school fund

Purpose and intent

HCR 2030 proposes a constitutional amendment to Article XI, Section 8, of the Arizona Constitution.

The amendment is intended as a technical correction related to the framework for the Permanent State School Fund, clarifying its sources and the apportionment of funds for education.

Key provisions and changes

Section A (source of the Permanent State School Fund)

The fund would be derived from:
The sale of public school lands or other public lands specified in the enabling act approved June 20, 1910.
All estates or distributive shares that may escheat to the state.
All unclaimed shares and dividends of any corporation incorporated under Arizona law.
Gifts, devises, or bequests made to the state for general educational purposes.

Section B (apportionment and use)

The rental derived from school lands, along with such other funds as may be provided by law, shall be apportioned only for common and high school education in Arizona.
The apportionment shall be done in the manner prescribed by law.

Administrative action

The Secretary of State is tasked with submitting this proposition to voters at the next general election, in compliance with Article XXI of the Arizona Constitution.

Who/what would be affected

The Permanent State School Fund and its funding sources, including:

Lands designated for public/school use and their sales.
Escheated estates and distributive shares.
Unclaimed shares and dividends of Arizona-incorporated corporations.
Gifts and bequests for general educational purposes.

Allocation of the fund’s income (primarily rental income from school lands) to support common and high school education in Arizona.

State process and timing for voter consideration via the general election.

Procedural and timeline aspects

The proposal is a constitutional amendment to be voted on by the electorate.

The Secretary of State is required to place the proposition on the ballot at the next general election, per the constitutional process outlined in Article XXI.

If approved by voters and proclaimed by the Governor, the amendment would become effective as part of the Arizona Constitution, guiding future management and apportionment of the Permanent State School Fund.

Notes

This is characterized as a technical correction to existing language governing the source and use of the Permanent State School Fund.

Current text specifies sources and the education-focused use of income; the amendment aims to formalize or clarify these provisions for consistency with enabling acts and state law.