Arizona republican., 1922-04-05
FIN AM C|A[
MEASURE IS
PASSED BY
LEGISLATURE
House Undoes All Former
Work On Bill; Money To
Go Into Fund Controlled
By Institutional Board

All that was so surprisingly done
to the financial code by the lower
house of the legislature. sitting as a
committee of the whole last Satur
day, was almost as surprisingly un-
done by the same house in the whole
committee yesterday afternoon. Ever
since last Sunday it was reported
that the house was going to modify
its action of Saturday but it was not
generally believed that the reversal
would be so nearly complete.
After the restoration of the bill to
the substance if not quite the form
of the bill as it came from the SEN
ate. its passage was recommended
and it was later sent by the house
to the committee on enrolled and en-
crossed bills.
The principal change in the bill
from the senate form is in section 5
in which provision had been made for
the state highway revolving fund.
That had been practically cut out by
the house amendments of Saturday.
This section was restored by another
amendment yesterday in which no
mention is made of a revolving fund.
But under the amendment all the
moneys which it had been designed
under the control of the board of
directors of state institutions.
As it now stands. this is Section 5:
Gist of Section
THE board of directors of state in
stitutions is hereby designated as the
official agency for and in behalf of
the State of Arizona to enter into
cooperative agreements by and with
the Federal Bureau of Public Roads
or other Federal department ptrsu-
ant to the terms of the Act of Con-
gress of the United States entitled:
An Act to Provide that the United
States shall Aid the States in the
Construction of Rural Post Roads,
and for other Purposes" or of any
amendments thereto. and pursuant
to any other Act enacted for like
purposes. with full authority to
behalf of the State of Arizona for its
benefit, as contemplated by said Act
or Acts of Congress.
The Board of Directors of State In
stitutions sh<l have the entire
charge. control and disposition of all
funds received by the State of Ari-
zona from the United States by rea-
son of cooperative agreements en-
tered into under and by virtue of the
said Act Of Congress- The said
Board of Directors shall distribute.
allocate and account for all such
funds in accordance with the provi-
sions of this Act: provided. that at
all times said Board of Directors
shall have prepared and subject to
access a record of the amounts of
such Federal funds contracted for,
together with such projects as to
which the same are to be applied,
and together with statements as to
the disposition, actual and pro-
posed, of such funds. Such funds
shall be expended by and through the
office of the State Engineer.
"Tlle board of directors of state
institutions may enter into any agree
ment with the governing body of any
county. city or town within the state
pursuant to said act of congress Of
the United States, and Which may
be permitted by the terms and pro-
visions of said act for the use of any
county, city or town road funds or
moneys for the purpose of securing
the benefits of said act of congress
for the state, whether such money is
provided by the sale of bonds or
otherwise.
To General Fund
All money on hf5fd July /, 1922,
received by the state of Arizona from
the United States of America under
such cooperative agreements exc
Continued on Page Two)