AZ HB2143

Amends Arizona Revised Statutes section 38-848 governing the Public Safety Personnel Retirement System (PSPRS) board of trustees' powers and duties regarding investments.

Adds "publicly traded" as a qualifier to the existing restriction that limits the system and plans administered by the board from owning more than 5% of the voting stock of any one corporation.

Maintains existing investment authority allowing the board to invest in membership interests in limited liability companies, which are exempt from the 5% voting stock limitation.

Preserves all other existing investment powers, limitations, and fiduciary responsibilities of the PSPRS board, including the 80% cap on corporate stock investments and 5% cap on investments in any single corporation's stock.