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AZ SB1534

Bill

Status

Introduced

2/1/2021

Primary Sponsor

Lela Alston

Click for details

Origin

Senate

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • Amends Arizona Revised Statutes Section 35-327 regarding county treasurer duties for managing public monies and investments.

  • Allows county treasurers to deduct a monthly management fee from pooled income earnings, with the amount determined jointly by the treasurer and board of supervisors.

  • Requires management fees to be used for operating the treasurer's office, with any excess fees above the treasurer's annual budget deposited into the county's general fund.

  • Maintains existing requirements for treasurers to allocate pooled income earnings on a pro rata basis to agency pool participants and safeguard all securities and investments.

Legislative Description

County treasurer; investment earnings; operation

General Fund

Last Action

Senate FIN Committee action: Held, voting: (0-0-0-0)

2/10/2021

Committee Referrals

Rules2/2/2021
Finance2/1/2021

Full Bill Text

No bill text available