AZ HB2415

Amends Arizona Revised Statutes section 35-185.01 regarding treasurer's warrant notes and adds new section 35-185.03 authorizing county purchases of warrant notes.

Clarifies that the state treasurer is not required to divest from board funding obligations, budget stabilization fund monies, or securities earning higher interest rates before issuing warrant notes.

Changes reference from singular "section" to plural "sections" in subsection K to include the new section 35-185.03 in warrant note payment procedures.

Requires counties that have maintained a cash balance in their general fund for at least three consecutive months immediately preceding warrant note issuance to purchase warrant notes issued by the state treasurer.