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AZ SB1534
Bill
Status
2/1/2021
Primary Sponsor
Lela Alston
Click for details
AI Summary
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Amends Arizona Revised Statutes Section 35-327 regarding county treasurer duties for managing public monies and investments.
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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.
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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.
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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