Arizona § 32-3073 - Powers and duties of board over fund
Full text of Arizona Arizona Revised Statutes § 32-3073 — Powers and duties of board over fund, with citation guidance and answers to common questions.
§ 32-3073. Powers and duties of board over fund
A. The board shall:
1. Administer the student tuition recovery fund.
2. Receive claims against the fund from persons injured and provide students' educational records from closed institutions.
3. Determine the amount of monies in any fiscal year to be drawn to administer the fund.
4. Deduct reasonable costs from the fund in addition to those allowed in paragraph 2 of this subsection for any of the following purposes:
(a) Seizing student records from a closed school.
(b) Processing student record requests.
(c) Reimbursing the board or a third party as the custodian of records.
5. Not later than ten business days after a board meeting, notify institutions, pursuant to section 32-3072, subsection C, that only institutions that are newly or provisionally licensed during or after that fiscal year shall pay the assessment.
6. Review the balance of the fund at the first board meeting that is held after June 30 of each year.
7. Adopt rules necessary to administer this article.
B. If an institution that is subject to assessments under section 32-3072 ceases operations with assessments unpaid to the board, the board and the attorney general shall recover the assessments from the institution.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 32-3073
What does Arizona Revised Statutes § 32-3073 cover?
Section 32-3073 ("Powers and duties of board over fund") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 32-3073?
A common citation format is "Arizona Revised Statutes § 32-3073" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 32-3073 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.