HB 2344
local government investment pool; treasurer
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 2344 modifies Arizona law to establish and govern a state-run investment pool for local government funds. The state treasurer is authorized to create and manage this pool, allowing political subdivisions and public entities to deposit their money for investment. The bill outlines how the treasurer will calculate and distribute earnings to participating entities, and establishes guidelines for managing the pool’s assets and potentially utilizing third-party contractors if needed.
Sponsors
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Primary sponsor
David Livingston
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