AZ HB2741

Public funds must identify and maintain a monthly updated list of companies with federal contracts to build a wall along the U.S.-Mexico border, to be completed within 180 days of the bill's effective date.

Arizona is prohibited from entering into new contracts or renewing existing contracts with companies identified on the scrutinized companies list, though this does not apply to contracts existing before the bill's effective date.

Public funds, including the Arizona State Retirement System, Elected Officials' Retirement Plan, Public Safety Personnel Retirement System, and Corrections Officer Retirement Plan, must sell, redeem, divest, or withdraw all securities held in scrutinized companies and cannot acquire new securities from these companies.

The central procurement officer must notify scrutinized companies of the state's prohibition on purchasing their products or services until they are removed from the list.