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AZ HB2344

Bill

Official Source

Status

Engrossed

3/10/2026

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Requires the State Treasurer to manage the local government investment pool using only employees of the State Treasurer's office rather than outsourcing to third parties
  • Permits the State Treasurer to consult with the state board of investment as necessary for pool management
  • Allows contracting with a third party only as a contingency if the State Treasurer cannot fulfill fiduciary duties
  • Maintains existing authority for political subdivisions, public trusts, and public entities to deposit monies with the State Treasurer for collective investment
  • Preserves the requirement that pool investments be limited to securities authorized under existing state law

Legislative Description

Local government investment pool; treasurer

State Treasurer

Last Action

Transmit to Senate

3/10/2026

Committee Referrals

Rules1/21/2026
Appropriations1/21/2026

Full Bill Text

No bill text available