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AZ HB2213
Bill
Status
2/23/2024
Primary Sponsor
David Livingston
Click for details
AI Summary
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Requires state treasurer to post current list of state investments and investment managers on publicly accessible website and update within reasonable time.
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Mandates all state investments be made solely in interest of beneficiary taxpayer based on pecuniary factors only.
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Requires governmental entities maintaining retirement, deferred compensation, or taxpayer investment plans to make direct investment decisions based solely on pecuniary factors.
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Requires governmental entities to vote all directly held shares based solely on pecuniary factors when voting proxies.
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Requires governmental entities with indirect or commingled investments to notify general partners or investment managers that investment decisions and proxy voting must be based solely on pecuniary factors.
Legislative Description
Governmental entities; proxy voting; prohibition
Prohibition
Last Action
Senate read second time
2/29/2024