real estate information technology; fund

HB 2681 establishes a dedicated real estate information technology fund in Arizona to finance software upgrades, equipment purchases, and external vendor contracts for the state's real estate department. The bill directs specific portions of real estate license and renewal fees into this fund, starting with $25 per fee through fiscal year 2027-2028 and reducing to $15 per fee beginning in fiscal year 2028-2029. These collected monies are excluded from the general fee-setting process used to balance the department's overall budget, ensuring they are reserved exclusively for technological needs. Additionally, the legislation clarifies that funds in this account are continuously appropriated and cannot be used to replace staff salaries.