AZ HB2270

Establishes the Bank of Arizona as a state-owned and operated banking system under Title 6, Chapter 18 of Arizona Revised Statutes.

Creates a seven-member advisory board of directors consisting of one state senator, one state representative, three persons appointed by the state treasurer, and two public members appointed by the governor.

Requires all state monies to be deposited in the Bank of Arizona and grants the bank authority to make loans, provide banking services, and perform clearinghouse functions as prescribed by the advisory board and bank commission.

Prohibits the Bank of Arizona from making loans to members of the bank commission or advisory board, and requires commission members to disclose personal interests in any pending or existing loans.

Establishes a sunset date of July 1, 2025 for the bank commission and advisory board, with the entire statute repealing January 1, 2026.