Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 15. Education |
Chapter 12. COMMUNITY COLLEGES |
Article 4. Community College District Finance |
Sec 15-1474. Community college bookstore revenue; expenditure limitation; penalty
Latest version.
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Notwithstanding section 41-1279.07, if a community college district exceeds its expenditure limitation prescribed in article IX, section 21, Constitution of Arizona, due to the expenditure of revenues from amounts received from retail transactions at bookstores operated by a community college district, the community college shall not have any state aid pursuant to section 15-1466 withheld and the penalty for a violation of this section shall be one hundred dollars.
(Rpld. 7/1/19)