SB1366 Summary

• Amends Arizona Revised Statutes Section 35-313 regarding investment of public trust and treasury monies by the state treasurer.

• Modifies the language in paragraph 7 to clarify that eligible debt instruments must be "denominated in United States dollars" rather than "issued by entities organized and doing business in the United States."

• Adds a comma after "note" in subsection B to correct punctuation regarding state treasurer's authority to withhold state shared revenues for defaulted county treasurer's warrants.

• Became effective upon Governor approval on March 13, 2012.