azrcks Report post Posted March 15, 2010 just a thought.... they cash the checks right away for everyone, that sits in an account for what almost 3 months before they have to send out refunds. I wonder if they make any money off the interest?? Would be a good reason to prolong the draw process just say 20,000 people put in for elk @ $120 = $2,400,000, if it collects a minimum of 4% interest/month is approx $230,000. I forgot how many resident applicants there were, I may be way off. Share this post Link to post Share on other sites
GameHauler Report post Posted March 15, 2010 Sorry, Took them 6 to 8 weeks to cash mine. I use to think that till I got on the net and now: I know better. Sorry I just blew that one out of the water but is fact. Just do the research and watch your bank statement. Share this post Link to post Share on other sites
youngbuck Report post Posted March 15, 2010 One of my buddies didnt come out of his acct till the begining of last week. he was getting very nervous Share this post Link to post Share on other sites
stanley Report post Posted March 15, 2010 just a thought.... they cash the checks right away for everyone, that sits in an account for what almost 3 months before they have to send out refunds. I wonder if they make any money off the interest?? Would be a good reason to prolong the draw process just say 20,000 people put in for elk @ $120 = $2,400,000, if it collects a minimum of 4% interest/month is approx $230,000. I forgot how many resident applicants there were, I may be way off. Of course they would collect interest! That's the way it works when you have cash in your account..... How much interest they earn on the float, etc. would be a product of their internal finance/accounting practices. Now whether it would be a good enough incentive to purposely delay the process??? Uh.... I don't think so. My guess is that it's just good ol' government process/bureaucracy hard at work, as opposed to any malice. My $.02...... S. Share this post Link to post Share on other sites
DesertBull Report post Posted March 15, 2010 I don't think anyone is getting 4% interest these days. Share this post Link to post Share on other sites
buffhunter Report post Posted March 15, 2010 I don't think anyone is getting 4% interest these days. If they are let me know where I can make 4% Share this post Link to post Share on other sites
Sam Report post Posted March 16, 2010 I don't think anyone is getting 4% interest these days. I agree - 4% interest is wishful thinking. But, if the AZGFD can increase their revenue by keeping my money in an account for one month, I'm ok with that. That money certainly isn't getting me any interest in my checking account. I would rather see them do that instead of increasing our permit costs or giving out more out of state permits to raise more money. The state's budget is in disaster. I think the state of AZ will be in a world of hurt next year. PLEASE VOTE YES on PROP 100 on May 18th. It will drastically help education and public safety. Share this post Link to post Share on other sites
joeybari Report post Posted March 16, 2010 just a thought.... they cash the checks right away for everyone, that sits in an account for what almost 3 months before they have to send out refunds. I wonder if they make any money off the interest?? Would be a good reason to prolong the draw process just say 20,000 people put in for elk @ $120 = $2,400,000, if it collects a minimum of 4% interest/month is approx $230,000. I forgot how many resident applicants there were, I may be way off. I hope that’s the case, keep in mind every dollar that goes into the game and fish is for us. Its not a for profit institution, in my opinion that would be smart business practice to increase money for the future of Arizona hunting fishing and over all out door activity. Also on a similar thing the more self reliant the G&f is the less government federal say it will be subjected to and with this government that a good thing. Share this post Link to post Share on other sites
Rombo Report post Posted March 17, 2010 4% interest on 2.4 million is only $8,000/month, so I don't think interest is a big motivator. March 26th 2:28 PM Share this post Link to post Share on other sites