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AZ HB2874

Bill

Official Source

Status

Introduced

2/12/2020

Primary Sponsor

Andres Cano

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - Second Regular Session (2020)

AI Summary

  • Adds Article 7.1 to Title 38, Chapter 5 of Arizona Revised Statutes regarding retirement system investments.

  • Prohibits the ASRS board and the public retirement board of trustees from making any additional, new, or renewed investments in fossil fuel companies.

  • Requires the boards to liquidate all existing investments in fossil fuel companies on or before July 1, 2022.

  • Defines "company" as any for-profit entity or subsidiary/affiliate, and "investment" as purchases of publicly issued stock, corporate bonds, or other debt instruments.

Legislative Description

Retirement systems; investments; fossil fuels

Last Action

House read second time

2/13/2020

Full Bill Text

No bill text available