reglab/housing_qa huggingface dataset:
AZ Rev Stat § 35-301 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-301 - Duties and liabilities of custodian of public monies; violations; classification

35-301.  Duties and liabilities of custodian of public monies;  violations;  classification A public officer or other person,  including justices of the peace and constables,  who is charged with receiving,  safekeeping,  transferring or disbursing public monies is guilty of a class 4 felony who: 1. Without authority of law,  appropriates the monies or any portion thereof to the person's own use or to the use of another. 2. Knowingly loans the monies or any portion thereof. 3. Knowingly fails to keep the monies in the person's possession until disbursed or paid by authority of law. 4. Without authority of law knowingly deposits the monies or any portion thereof in a bank,  or with a banker or other person,  except on special deposit for safekeeping. 5. Knowingly keeps a false account or makes a false entry or erasure in an account of or relating to the monies. 6. Alters,  falsifies,  conceals,  destroys or obliterates such an account with an intent to defraud or deceive. 7. Knowingly refuses or omits to pay on demand public monies in the person's custody on presentation of a draft,  order or warrant,  check or substitute check,  or electronic funds transfer voucher drawn on such monies by competent authority. 8. Knowingly omits or refuses to transfer the monies when a transfer is required by law. 9. Knowingly transfers the monies when not authorized or directed by law. 10. Knowingly omits or refuses to pay to an officer or person authorized by law to receive the monies any monies received by the person if a duty is imposed by law to pay the monies.
AZ Rev Stat § 35-302 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-302 - Public money defined

35-302.  Public money defined The phrase " public money"  as used in this article includes bonds and evidence of indebtedness,  and money belonging to,  received or held by,  state,  county,  district,  city or town officers in their official capacity.
AZ Rev Stat § 35-310 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-310 - Definitions

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 States,  in accordance with the applicable law of the United States or credit union which is insured by the national credit union administration. 2. " Operating monies"  means those treasury monies the interest from which is paid to the state general fund. 3. " Permanent endowment funds"  means those funds or any part of a fund,  established by law,  to retain trust monies,  not wholly expendable by the beneficiary on a current basis. 4. " Treasury monies"  means all monies in the treasury of this state or coming lawfully into the possession or custody of the state treasurer. 5. " Trust monies"  means treasury monies,  other than operating monies,  that are entrusted to the state treasurer for preservation and investment.
AZ Rev Stat § 35-311 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-311 - State board of investment; membership; powers and duties

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 insurance and financial institutions' designee and two individuals appointed by the state treasurer,  one of whom has verifiable expertise in investment management and one of whom represents a public entity with current deposits in a local government investment pool. The state treasurer is chairperson of the board. The board shall keep an accurate record of its proceedings. A certified copy of the record is prima facie evidence of the matters appearing in the record in any court. A meeting of the board may be called at any time by the chairperson or a majority of the board members. B. The state board of investment shall: 1. Hold regular monthly meetings. 2. Review investments of treasury monies. 3. Serve as trustee of the permanent state land funds and manage the assets of the funds consistent with the requirements of article X,  section 7,  Constitution of Arizona. 4. Serve as trustee of any endowments established pursuant to section 35-314.03. 5. Serve as trustee of AZ529,  Arizona's education savings plan established by title 15,  chapter 14,  article 7. 6. Serve as trustee of any pension prefunding plan investment accounts established pursuant to section 35-314.04. C. The state treasurer shall furnish to the board of investment at its regular monthly meeting a report of the performance of current investments and a report of the current investments as of the close of business of the preceding month. The state treasurer shall make these reports available for inspection by the public during normal working hours at the office of the state treasurer for a period of time of not less than two years after the date of the report. D. The board of investment may order the state treasurer to sell any of the securities,  and any order shall specifically describe the securities and fix the time period during which they are to be sold. Securities so ordered to be sold shall be sold for cash by the state treasurer at the current market price. The state treasurer and the members of the board are not accountable for any loss occasioned by sales of securities at prices lower than their book value. Any loss shall be charged against earnings received from interest or capital gains on the applicable treasury monies. E. The board may establish standards in addition to those established by section 35-317,  subsection A for the qualification of agents acting pursuant to section 35-317,  subsection B.
AZ Rev Stat § 35-314 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-314 - Equity investment of trust and treasury monies; definition

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 equity securities held by any fund in order to avoid a reduction in current return on investments. C. Equity securities that are eligible for purchase are restricted to stocks listed on any national stock exchange or eligible for trading through the United States national association of securities dealers automated quotation system,  or successor institutions,  except as may be prohibited by general criteria or by a restriction on investment in a specific security adopted pursuant to this section. D. Not more than five per cent of a fund at cost may be invested in equity securities issued by the same institution,  agency or corporation,  other than securities issued as direct obligations of and fully guaranteed by the United States government or any of its agencies,  sponsored agencies,  corporations,  sponsored corporations or instrumentalities. E. For the purposes of this section,  " equity securities"  means shares of stock,  certificates of stock or any other evidence of equity interest in a corporation. Equity securities do not include exchange traded products whose underlying investments are fixed income securities that are allowed by state law.
AZ Rev Stat § 35-314.01 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-314.01 - Permanent state land fund monies; investment

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 of the funds may be invested in equity securities at any time. The percentage of investment shall be calculated at cost.
AZ Rev Stat § 35-314.02 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-314.02 - Budget stabilization fund monies; investment

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 securities at any time. The percentage of investment shall be calculated at cost.
AZ Rev Stat § 35-314.03 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-314.03 - State, tribal and political subdivision endowment funds; state investment authority

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 be taken from one endowment fund for deposit in any other endowment fund. C. All monies in these endowment funds shall be invested in safe interest-bearing securities and prudent equity securities consistent with the requirements of section 35-314. D. The earnings,  interest,  dividends and realized capital gains and losses from investment of each endowment fund shall be credited to that fund. E. The governing body of any political subdivision,  public trust or public entity,  including tribal nations,  by the adoption of a resolution of continuing effect,  may authorize and request the state treasurer to invest trust monies into a long-term endowment and set forth the terms of the distributions from such endowment for the governing body pursuant to this section.
AZ Rev Stat § 35-316 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-316 - Investment pools; deduction; state treasurer's operating fund

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 any other political subdivision or public entity in this state may supply. When a depositor provides monies,  the state treasurer may ask the depositor to specify the date or dates on which the monies will be withdrawn. All investment pools shall be invested by the state treasurer for such periods as will facilitate the highest return on the monies deposited and provide the required liquidity to the depositors. C. The state treasurer shall compute on a monthly basis the rate of earnings on the investment pools for that month,  and,  except as provided in subsection D of this section,  each depositor shall be credited with an amount determined by applying the calculated monthly rate to the principal amount of its deposit balance for the period of the deposit. Interest shall be credited monthly promptly after calculation. D. The state treasurer may deduct monthly a management fee not to exceed six-hundredths of one percent from the rate of earnings calculated pursuant to subsection C of this section on investment pools other than permanent endowment funds for the operating budget appropriated to the state treasurer's office each fiscal year. E. The state treasurer's operating fund is established consisting of monies collected pursuant to subsection D of this section and section 35-326.01. The state treasurer's office shall administer the state treasurer's operating fund. Monies in the fund are subject to legislative appropriation. Any management fees collected in excess of the amount appropriated to the state treasurer's office from the state treasurer's operating fund shall be deposited in the state general fund.
AZ Rev Stat § 35-317 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-317 - State treasurer; duties; safekeeping of securities; interest; exemptions; responsibilities

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 section 35-315 or any trust company or trust department of any bank qualified to do business in this state. B. The state treasurer may at the expense of the state enter into an agreement with any of those entities listed in subsection A of this section or authorized by section 35-311,  subsection E for the safekeeping and handling of securities. The agreement shall be entered into under terms and conditions which secure the proper safeguarding,  inventory,  withdrawal and handling of the securities and lending of securities to the financial or dealer community pursuant to section 35-313,  subsection C. Access to deposits or withdrawals of the securities from any place of deposit selected by the officers shall not be permitted or made except as the terms of the agreement provide. The agreement need not require that securities be physically located in this state,  if the securities are represented by safekeeping receipts issued for the account of the state treasurer by a federal reserve bank or any bank located in a reserve city whose combined capital and surplus on the date of the safekeeping receipt are ten million dollars or more. C. The state treasurer shall regularly account for,  itemize and inventory according to general public fund accounting practices all securities coming lawfully into his possession. Such practice shall be audited by the auditor general at the time of the regular audit as prescribed by law. D. When securities acquired under this article mature and become due and payable,  the state treasurer shall present them for payment according to their terms and collect the monies payable on them. The monies collected shall be treated as treasury monies subject to reinvestment under the appropriate section of this article. E. Interest and appreciation realized on any investment authorized by this article shall be collected by the state treasurer and credited by him in accordance with general public fund accounting practices. F. All interest realized on any investment of treasury monies not otherwise apportioned by law shall be credited to the general fund of this state. G. The investment of treasury monies as provided in this article is exempt from the provisions of section 35-142,  subsection B and sections 35-154,  35-181.01,  35-181.02,  35-182 through 35-185,  35-185.01,  35-185.02,  35-186 through 35-192,  35-192.01,  35-192.02,  35-193,  35-193.02 and 41-732. H. The state treasurer is responsible for the safekeeping,  management and disbursement of any investment made and any interest received in compliance with this article.
AZ Rev Stat § 35-318 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-318 - Investment managers and advisors; treasury monies; investment services account

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 securities. Qualification and selection of investment managers or advisors pursuant to this section are exempt from title 41,  chapter 23 but must be conducted by a process that is substantially equivalent to procedures prescribed by title 41,  chapter 23. Managers or advisors who enter into a contract pursuant to this section shall be paid from earnings on investments. A contract established pursuant to this section may be annually renewable but shall be limited to a period of not more than three years. A contract may be cancelled by the treasurer with forty-five days' written notice. B. An agreement established pursuant to subsection A of this section shall require the investment manager to regularly account for,  itemize and inventory all securities under management consistent with the requirements of section 35-317,  subsections C,  D and E and report the findings to the state treasurer at least monthly or on demand. C. The state treasurer shall maintain an investment services account consisting of all monies for payment of contractual financial services authorized by this section. The account shall consist of monies apportioned from the investment earnings of assets under management that are necessary for the payment of current contractual obligations. D. Expenditures for investment management and advisory fees required by contract pursuant to subsection A of this section shall be paid on approval of the state treasurer from the investment services account established by subsection C of this section.
AZ Rev Stat § 35-319 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-319 - Permanent state trust land fund monies; state board of investment; state treasurer; duties; distributions; mandamus action

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 37-521,  37-522,  37-523,  37-524 and 37-525. The distributions shall be made on or before the last business day of each month. B. If the state board of investment or the state treasurer fails to perform the duties prescribed in subsection A of this section,  the governor,  the speaker of the house of representatives or the president of the senate may file an action with the supreme court to obtain a writ of mandamus under section 12-2021 or other appropriate action to compel performance of the board's or treasurer's duties. The supreme court shall exercise its jurisdiction under article VI,  section 5,  subsection 1,  Constitution of Arizona,  and section 12-2021 and issue its decision as expeditiously as practicable.
AZ Rev Stat § 35-321 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-321 - Definitions

35-321.  Definitions In this article,  unless the context otherwise requires: 1. " Agency pool participant"  means a subdivision or an entity of a subdivision that has monies maintained by the treasurer and that has the authority to draw negotiable instruments on the treasurer or make other disbursements from monies that the treasurer holds for the subdivision or entity. 2. " Board of deposit"  means,  in the case of a county,  the board of supervisors,  and in the case of a city or town,  the common council. 3. " Capital structure"  means the amount of the capital of the eligible depository shown by the latest call statement of condition as defined by rule of the department of insurance and financial institutions for the purpose of administration of this article. 4. " Collecting entity"  means the entity from which the treasurer receives general funding including the county for collections performed by a county treasurer,  the city for collections performed by a city treasurer or the district for collections performed by a district treasurer. 5. " Eligible depository"  means any: (a) Commercial or savings bank or savings and loan association that has either a branch in this state or its principal place of business in this state and that is insured by the federal deposit insurance corporation or its successor or any other insuring instrumentality of the United States according to the applicable federal law. (b) Credit union that is insured by the national credit union administration or its successor. 6. " Involuntary pool participant"  means a subdivision that only receives the principal ratio of the monies collected,  for which the principal monies are mandated to be distributed on a specific date and for which the interest earned on the monies between the time of collection and other statutory requirements reverts to the general fund of the collecting entity. 7. " Permissible rate of interest"  means a rate of interest that an eligible financial institution is permitted to pay by state or federal law or valid state rules or federal regulations. 8. " Public deposit"  means public monies deposited in an eligible depository pursuant to this article. 9. " Public monies"  includes subdivision monies. 10. " State monies"  means all monies in the treasury of this state or coming lawfully into the possession or custody of the state treasurer. 11. " Subdivision"  means any county,  noncharter city or town. Cities governed by charter have the option of operating under this article. 12. " Subdivision monies"  means all monies in the treasury of a subdivision or coming lawfully into the possession or custody of the treasurer. 13. " Treasurer"  includes the treasurer or officer exercising the functions of treasurer of any subdivision but excludes the state treasurer. 14. " Trust funds"  means those monies entrusted to a public body or official for preservation and investment,  as prescribed by the instrument establishing such funds.
AZ Rev Stat § 35-323.01 (2021)
2021 Arizona Revised Statutes|Title 35 - Public Finances|§ 35-323.01 - Investment of government monies in deposits; conditions; definition

35-323.01.  Investment of government monies in deposits;  conditions;  definition A. If an investing entity invests in deposits pursuant to this section,  the investing entity shall invest those monies in accordance with all of the following conditions: 1. The monies are initially invested through an eligible depository in this state selected by the investing entity. 2. The selected eligible depository arranges for the deposit of the monies in one or more federally insured banks or savings and loan associations wherever located,  for the account of the investing entity. 3. The full amount of principal and any accrued interest of each such deposit is insured by the federal deposit insurance corporation. 4. The selected eligible depository acts as custodian for the investing entity with respect to such deposits. 5. On the same date that the investing entity's monies are deposited pursuant to paragraph 2 of this subsection,  the selected eligible depository receives an amount of federally insured deposits from customers of other financial institutions equal to or greater than the amount of the monies initially invested by the investing entity through the selected eligible depository. B. Monies invested in accordance with all of the conditions prescribed in this section are not subject to any security or collateral requirements. C. For the purposes of this section,  " investing entity"  means this state,  a political subdivision,  the governing body of a municipality or the governing body of a school district.