arts trust fund; monies

HB 2453 modifies Arizona's business filing fees to redirect funds toward arts funding. It requires that one-third of the annual report fees paid by domestic and foreign corporations (currently $45 per report) be deposited into the Arizona Arts Trust Fund, while the remaining two-thirds go to the Public Access Fund. This change applies to all businesses required to file annual reports with the state. The bill does not alter the fee amount but specifies where the funds are directed.