The Building Renewal Fund statute, A.R.S. §15-2031, was repealed as of September 12, 2013, pursuant to 2013 Ariz. Sess. Laws, 1st Spec. Sess., Ch. 3, § 42 (House Engrossed HB 2003).
School districts are required to spend the monies in the district building renewal fund as authorized by the statute, A.R.S. §15-2031 (H). Once the statute is repealed, the authority to spend monies in the district building renewal fund is also repealed.
School districts should consult with their attorney if they have any questions or concerns.