AZ HB2446

State public funds (Arizona State Retirement System, Elected Officials' Retirement Plan, Public Safety Personnel Retirement System, and Corrections Officer Retirement Plan) must identify and maintain a list of all companies with federal contracts to build a wall along the U.S.-Mexico border within 180 days of the bill's effective date.

State agencies are prohibited from contracting with any identified "scrutinized company" for products or services, and the central procurement officer must notify these companies of the ban until they no longer have a border wall contract.

Public funds must sell, redeem, divest, or withdraw all publicly traded securities of scrutinized companies and cannot acquire new securities from these companies until they are no longer identified on the scrutinized companies list.

The prohibition on new state contracts applies prospectively and does not affect existing contracts, but does apply to renewals of current agreements.

The scrutinized companies list must be updated monthly and compiled from publicly available information about federal border wall construction contracts.