HB 2140
bullion depository; state monies; treasurer
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends Arizona law to clarify the State Treasurer’s investment options for state funds. Specifically, it allows the Treasurer to invest in physical gold and silver bullion, subject to certain conditions including holding it in a secure U.S.-based depository and limiting the investment to 10% of total funds. The bill also outlines procedures for handling defaulted county warrants and investing operating monies in state transportation board funding obligations.
Sponsors
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Primary sponsor
Lisa Fink
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