9-601. Arizona convention center development fund; purpose The Arizona convention center development fund is established to encourage and enable eligible cities under section 9-604 to develop and expand municipally operated major convention center facilities designed to serve large conventions and trade shows attended primarily by residents of other states and to encourage the tourism and […]
9-602. Fund operation A. The Arizona convention center development fund consists of monies deposited pursuant to sections 42-5029 and 42-5030. B. The state treasurer shall administer the fund. The state treasurer shall invest and divest monies in the fund as provided by section 35-313 as needed to facilitate distributions from the fund, and monies earned […]
9-603. Use of fund monies A. The monies in the Arizona convention center development fund shall be used only for the purposes specified in this chapter. B. The state treasurer shall disburse monies from the fund as provided in section 9-602. Any amounts remaining in the fund after the distributions made pursuant to section 9-602, […]
9-604. Eligible cities To be eligible to receive distributions from the Arizona convention center development fund a municipality must: 1. Be a charter city. 2. Have a population of more than: (a) One million persons according to the most recent United States decennial census at the time of the distribution. (b) Five hundred fifty thousand […]
9-605. Eligible projects A. An eligible city may not spend monies from the Arizona convention center development fund for uses other than those permitted by section 9-603 and only in connection with an eligible convention center development project. B. A project is eligible only if: 1. The voters of the eligible city have approved the […]
