AZ HB2303

Requires the State Treasurer to prioritize safety and principal preservation over high returns, liquidity, and yield when making investments

Prohibits the State Treasurer from using insider information obtained during official duties for personal gain, family members' gain, or to knowingly benefit another party

Bans the State Treasurer from investing in speculative investments, defined as high-risk financial investments expected to increase significantly in the short term based on future potential rather than current income-generating ability

Defines "insider information" to include investment decisions, internal/external investment program details, advantageous opportunities not available to the public, and other negotiations or business information

Establishes that the interests of the State Treasurer's office must take precedence over any personal interests of the State Treasurer