air mobility fund; border security, the official text

REFERENCE TITLE: air mobility fund; border security

State of Arizona

Senate

Fifty-seventh Legislature

Second Regular Session

2026

SB 1457

Introduced by

Senator
Farnsworth

AN
ACT

Amending section 28-8604, Arizona
Revised Statutes; relating to the advanced air mobility fund.

(TEXT OF BILL BEGINS ON NEXT PAGE)

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

Section 1. Section 28-8604, Arizona Revised
Statutes, is amended to read:

START_STATUTE28-8604. Advanced air mobility fund

A. The advanced air mobility fund is established. The
state treasurer shall administer the fund. Monies in the fund are
subject to legislative appropriation and are exempt from the provisions of
section 35-190 relating to lapsing of appropriations. 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. The fund consists of the following:

1. Monies appropriated by the legislature.

2. Any nonfederal gifts, grants, donations or other
monies received by the state treasurer from any
public or private source for transportation projects.

B. The monies in the fund shall be used to:

1. Purchase advanced air mobility vehicles that are
capable of carrying passengers or cargo for testing and demonstration purposes
of the ability to use the advanced air mobility vehicles.

2. Construct vertiports.

3. Purchase advanced air mobility
vehicles for border security purposes. priority shall be given to
counties that are located along this state's international border.

C. Before any expenditure is made from the fund, the
state treasurer and the department shall submit an expenditure plan for review
to the joint committee on capital review. END_STATUTE