Bill > HB2303

This bill amends existing Arizona law concerning the powers and duties of the State Treasurer, specifically adding new provisions related to conflicts of interest and investment practices. The State Treasurer is now explicitly required to prioritize safe investments that preserve principal over high returns, liquidity, or yield. Furthermore, the Treasurer is prohibited from using insider information, defined as non-public investment decisions, program details, or advantageous opportunities, for personal or familial gain, or to benefit any other party, emphasizing that the interests of the Treasurer's office must always come first. The bill also defines "speculative investments" as high-risk financial assets with potential for short-term value increases, which the Treasurer is forbidden from engaging in.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84039