AZ SB1682

Requires the State Treasurer to invest at least 10% of trust and treasury monies with qualified Arizona-based investment managers selected from a list maintained by the Arizona Commerce Authority.

Defines "qualified Arizona-based investment manager" as one with global headquarters in Arizona, at least three employees (two working in Arizona), not a subsidiary of an out-of-state institution, in operation for at least three years, and managing a minimum of $100,000,000 for non-state investors.

Directs the Arizona Commerce Authority to maintain and update a list of qualified Arizona-based investment managers, with any qualifying manager able to be added upon request.

Amends A.R.S. sections 35-317 (State Treasurer duties) and 41-1504 (Arizona Commerce Authority powers and duties) to implement these requirements.