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AZ SB1006

Bill

Status

Engrossed

2/22/2024

Primary Sponsor

Jake Hoffman

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Origin

Senate

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends section 35-323 to add investment restrictions prohibiting public monies from being invested in companies identified under section 35-392.

  • Requires the state board of investment to adopt a policy identifying and divesting from U.S. companies that donate to or invest in organizations promoting abortions for minors or sexually explicit material in K-12 schools.

  • Requires the state treasurer to divest from companies identified under the new abortion and explicit material policy and notify the governor, legislative leaders, and department of administration of divestments.

  • Directs the department of administration to notify identified companies that Arizona and its subdivisions cannot purchase their products or services until they are no longer identified under either divestment policy.

  • Defines "sexually explicit material" to include textual, visual, or audio depictions of sexual conduct, sexual excitement, and ultimate sexual acts.

Legislative Description

Divestment; K-12; abortion; explicit material

State Treasurer

Last Action

House read second time

2/27/2024

Committee Referrals

Rules2/22/2024
Ways and Means2/22/2024
Rules1/8/2024
Finance and Commerce1/8/2024

Full Bill Text

No bill text available