Bill > SB1146

This bill amends sections 35-323 and 35-392 of the Arizona Revised Statutes, relating to the divestment of state monies. Key provisions include: 1. Updating the definition of "eligible investments" for public monies to include interest-bearing savings accounts and clarifying language around certain types of bonds and commercial paper. 2. Changing the article heading from "Terrorism Country Divestments" to "State Treasurer and Retirement System Divestments." 3. Requiring the state board of investment to adopt a policy regarding the divestment of state funds from companies that donate to or invest in organizations that promote, facilitate, or advocate for abortions for minors or the inclusion of sexually explicit material in K-12 education. The state treasurer is then required to divest from those identified companies. 4. Defining "sexually explicit material" to include textual, visual, or audio materials depicting sexual conduct, sexual excitement, and ultimate sexual acts. The bill aims to restrict state investment in companies associated with abortion services for minors or the inclusion of sexually explicit content in K-12 education.

Budget and Finance, Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/78748