veterans' reinvestment fund; appropriation

Plain English Breakdown

The official text confirms the fund is established but does not specify an effective date or when the first distribution will occur.

HB4054: Veterans' Reinvestment Fund and Funding

This bill creates a new state fund for veterans in Arizona with $51.8 million and staff positions to support education, jobs, health, housing, and other services.

What This Bill Does

• Creates the Veterans' Reinvestment Fund within the Arizona Revised Statutes.
• Allows the State Treasurer to manage the fund while consulting with the Department of Veterans' Services director.
• Requires investing money in the fund so that any earnings stay inside the fund.
• Exempts the fund's money from rules that usually make unused budget funds disappear at year-end.
• Mandates giving 50% of the fund each fiscal year to veterans for education, jobs, health care, mental health support, and housing.

Who It Names or Affects

• Veterans living in Arizona who receive services from the Department of Veterans' Services.
• The State Treasurer's office responsible for managing investments.
• The Department of Veterans' Services which receives half of the fund annually.
• Arizona taxpayers whose general funds provide the initial money.

Terms To Know

Appropriation

Money officially set aside by the legislature for a specific purpose.

FTE positions

Full-time equivalent jobs, meaning enough staff hours to equal one full worker per position listed.

Lapsing of appropriations

A rule where unused budget money must be returned if not spent by the end of a fiscal year.

Limits and Unknowns

• The bill does not specify how much total money will go to veterans beyond the required 50% distribution.
• The text does not list specific programs or details for each service category like housing or education.
• No effective date is provided in this document, so it is unclear when these rules officially start.

Official Summary Text

HB4054 - veterans' reinvestment fund; appropriation

Current Bill Text

HB4054 - 572R - I Ver

REFERENCE TITLE:
veterans' reinvestment fund; appropriation

State of Arizona

House of Representatives

Fifty-seventh Legislature

Second Regular Session

2026

HB 4054

Introduced by

Representative
M�rquez: Senator Kuby

AN
ACT

Amending title 41, chapter 1, article 4, Arizona
Revised Statutes, by adding section 41-181; Appropriating monies; relating to
the state treasurer.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 41, chapter 1, article 4,
Arizona Revised Statutes, is amended by adding section 41-181, to read:

START_STATUTE
41-181.

Veterans' reinvestment fund

The Veterans' reinvestment fund is established
consisting of legislative appropriations, grants, gifts, donations and contributions.�
the state treasurer, IN CONSULTATION with the director of the department of
veterans' services, shall administer the fund. the state treasurer
shall invest and divest monies in the fund as provided by section 35-313, and
monies earned from investment shall be credited to the fund. �Monies in the
fund are exempt from the provisions of section 35-190 relating to lapsing of
appropriations. �The state treasurer shall distribute fifty percent of the Monies
in the fund each fiscal year to the department of veterans' services for
programs that provide any of the following to veterans in this state:

1. Education and training.

2. Jobs and economic opportunities.

3. Health and wellness services.

4. Mental health and substance abuse
services.

5. Housing.
END_STATUTE

Sec. 2.
Appropriation;
veterans' reinvestment fund; exemption

A. The sum of $51,800,000 and
thirty-one FTE positions are appropriated from the state general fund in fiscal
year 2026-2027 to the veterans' reinvestment fund established by section 41-181,
Arizona Revised Statutes, as added by this act.

B. The appropriation made
in subsection A of this section is exempt from the provisions of section
35-190, Arizona Revised Statutes, relating to lapsing of appropriations.