35-310. Definitions In this article, unless the context otherwise requires: 1. " Eligible depository" means any commercial or savings bank or savings and loan association with its principal place of business in the United States which is insured by the federal deposit insurance corporation or any successor, or any other insuring instrumentality of the United […]
35-311. State board of investment; membership; powers and duties A. The state board of investment is established consisting of the state treasurer, the director of the department of administration or the director of the department of administration’s designee, the director of the department of insurance and financial institutions or the director of the department of […]
35-312. Eligible depositories; collateral A. Any eligible depository that receives an investment or any deposit of treasury monies of more than the amount insured by an instrumentality of the United States shall collateralize those deposits with any of the following: 1. Securities listed in section 35-313, subsection A, paragraphs 1 and 3. 2. State treasurer’s […]
35-313. Investment of trust and treasury monies; loan of securities A. The state treasurer shall invest and reinvest trust and treasury monies in any of the following items: 1. Obligations issued or guaranteed by the United States or any of its agencies, sponsored agencies, corporations, sponsored corporations or instrumentalities. 2. Repurchase agreements collateralized with securities […]
35-314. Equity investment of trust and treasury monies; definition A. The state treasurer may invest and reinvest monies in equity securities for any fund for which equity investment is authorized. B. The state treasurer shall exercise prudence, judgment and care under the prevailing circumstances when investing in equity securities and may reduce the portion of […]
35-314.01. Permanent state land fund monies; investment In addition to the investment authority in section 35-313, the state treasurer may invest and reinvest monies of the state land funds established in sections 37-521 through 37-525 in equity securities pursuant to section 35-314, except that not more than sixty per cent of the monies in each […]
35-314.02. Budget stabilization fund monies; investment In addition to the investment authority in section 35-313, the state treasurer may invest and reinvest monies of the budget stabilization fund established in section 35-144 in equity securities pursuant to section 35-314, except that not more than twenty-five per cent of the monies may be invested in equity […]
35-314.03. State, tribal and political subdivision endowment funds; state investment authority A. In addition to the investment authority in section 35-313, the state treasurer may invest and reinvest trust monies of this state, state agencies, political subdivisions and tribal nations in equity securities pursuant to section 35-314 for long-term endowment funds. B. Monies shall not […]
35-314.04. Pension prefunding plan investment accounts; state treasurer; investment authority; definitions A. In addition to the investment authority pursuant to section 35-313, the state treasurer may invest and reinvest pension prefunding plan monies in equity securities pursuant to section 35-314 for pension prefunding plan investment accounts. B. All pension prefunding plan monies shall be accounted […]
35-315. Servicing banks; qualifications; proposals; definitions A. Any bank that is eligible to become an eligible depository having a total capital structure of $10, 000, 000 or more and assets of $100, 000, 000 or more and that is otherwise in a sound condition is eligible to be the servicing bank for the state. B. […]
35-316. Investment pools; deduction; state treasurer’s operating fund A. The state treasurer may establish and maintain investment pools for the collective investment of trust monies in this state. B. The state treasurer may deposit operating monies in the investment pools and receive into such pools any monies a state agency, county, city or town or […]
35-317. State treasurer; duties; safekeeping of securities; interest; exemptions; responsibilities A. The state treasurer is responsible for the safekeeping of all securities acquired by him under this article and those for which he is the lawful custodian. Securities may be deposited for safekeeping with any bank eligible to be the state servicing bank pursuant to […]
35-318. Investment managers and advisors; treasury monies; investment services account A. The state treasurer may enter into an agreement with investment managers to invest treasury monies or with advisors to recommend investment strategies or tactics for the investment of treasury monies, including legal advisors and software to assist with the analysis, tracking and trading of […]
35-319. Permanent state trust land fund monies; state board of investment; state treasurer; duties; distributions; mandamus action (Rpld. 7/1/25) A. Notwithstanding any other law, the state board of investment and the state treasurer shall take all actions necessary for the distributions to be made pursuant to article X, section 7, Constitution of Arizona, and sections […]
