HB 2633 — real estate information technology fund

House Engrossed real estate information technology fund State of Arizona House of Representatives Fifty-sixth Legislature Government Second Regular Session H.B.HOUSE BILL 2633 AN ACT AMENDING SECTION 32-2107, ARIZONA REVISED STATUTES;

2633APPROPRIATING PROPOSEDMONIES; HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B.

2633RELATING (ReferenceTO to printed bill) Page 1, line 10, after the first comma strike remainder of line Strike lines 11 and 12, insert "MONIES THAT ARE COLLECTED UNDER SECTION 32-2132 IN THE REAL ESTATEESTATE. INFORMATION TECHNOLOGY FUND ESTABLISHED BY SECTION 32-2107 IN AN AMOUNT NOT TO EXCEED:

1.(TEXT OF BILL BEGINS ON NEXT PAGE) - i - H.B.

THROUGH2633 FISCALBe YEARit 2027-2028:enacted by the Legislature of the State of Arizona:

(a)Section $251. OF EACH BROKER'S LICENSE FEE.

(b)Section $2532-2107, OFArizona EACHRevised BROKER'SStatutes, RENEWALis FEE.amended to read:

(c)32-2107. $25 OF EACH SALESPERSON'S LICENSE FEE.

(d)Powers $25and OFduties EACHof SALESPERSON'Scommissioner; RENEWAL FEE.

compensation;

administration of department;

seal;

revolving fund;

technology fund A.

The commissioner shall have charge of the department with power to administer it in accordance with the provisions of and to carry out the purposes of this chapter.

The commissioner shall adopt a seal which shall bear THAT BEARS the words "real estate commissioner, state of Arizona", which shall be AND THAT IS used for the authentication of TO AUTHENTICATE proceedings of the department and the official documents thereof.

The commissioner's principal office shall be at the state capitol.

The commissioner may have branch offices the commissioner deems necessary in other cities.

B.

The commissioner shall receive compensation as determined pursuant to section 38-611.

C.

The commissioner shall prepare and cause to be produced and circulated among the licensees and the general public educational matter the commissioner deems helpful and proper for the guidance TO GUIDE and assistance of ASSIST both licensees and the public.

The commissioner may assess a fee for each of these educational products that does not exceed a level reasonably estimated to be sufficient to recover production and distribution costs.

D.

In cooperation with industry educators, content experts and other professionals, the commissioner may develop, sponsor or hold educational seminars and workshops for the benefit of licensees.

E.

A THE real estate department education revolving fund is established consisting of monies received from the sale of educational matter under subsection C of this section and grants of monies to be used in the production of educational products.

Monies in the fund shall be used for the printing of TO PRINT a compilation of real estate laws and rules and other educational publications and for other educational efforts the commissioner deems helpful and proper for the guidance TO GUIDE and assistance of ASSIST licensees and the public, including sponsoring and holding educational seminars or workshops for educators and other licensees.

The STATE REAL ESTATE department shall establish the revolving fund as a separate account.

The STATE REAL ESTATE department shall make a full accounting of its use to the department of administration annually or as required by the department of administration.

Expenditures from the fund and reimbursement to the fund shall be as prescribed by rules of the department of administration.

Monies received in the real estate department education revolving fund are not subject to reversion, except that all monies in the fund in excess of twenty-five thousand dollars THAT - 1 - H.B.

2633 EXCEED $25,000 at the end of the fiscal year revert to the state general fund.

F.

THE REAL ESTATE INFORMATION TECHNOLOGY FUND IS ESTABLISHED.

THE REAL ESTATE INFORMATION TECHNOLOGY FUND SHALL BE USED TO SUPPLEMENT THE DEPARTMENT'S TECHNOLOGICAL UPGRADES AND UPDATES TO SOFTWARE AND EQUIPMENT, TO CONTRACT WITH EXTERNAL VENDORS FOR TECHNOLOGICAL UPGRADES AND UPDATES TO SOFTWARE AND EQUIPMENT AND TO SUPPORT SOFTWARE SUBSCRIPTIONS.

THE FUND MAY NOT BE USED TO SUPPLANT THE SALARIES OF DEPARTMENT STAFF.

MONIES IN THE FUND ARE SUBJECT TO LEGISLATIVE APPROPRIATION AND ARE EXEMPT FROM THE PROVISIONS OF SECTION 35-190 RELATING TO LAPSING OF APPROPRIATIONS.

F.

G.