reglab/statecodes huggingface dataset:
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-196.01 - Expenditure of state monies for certain purposes; report

35-196.01.
Expenditure of state monies for certain purposes;  report
A. Subject to the approval of the director of the department of administration,  a budget unit may spend any monies for either of the following:
1. Transportation or other travel expenses necessary for bringing any person into this state who is not a resident of this state for an interview for prospective employment.
2. Transportation or moving expenses for any person newly employed or retained.
B. A budget unit may spend monies to reimburse current employees for reasonable relocation expenses related to management initiated geographical reassignments of more than fifty miles from an employee's current work site pursuant to rules adopted by the director of the department of administration.
C. On or before September 1 of each year,  a budget unit shall report to the governor's office of strategic planning and budgeting and the joint legislative budget committee regarding any monies spent for the prior fiscal year for the purposes prescribed in this section.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-196.02 - Use of public funds or insurance for abortion prohibited; exception

35-196.02.
Use of public funds or insurance for abortion prohibited;  exception
A. Notwithstanding any provisions of law to the contrary,  no public funds nor tax monies of this state or any political subdivision of this state nor any federal funds passing through the state treasury or the treasury of any political subdivision of this state may be expended for payment to any person or entity for the performance of any abortion unless an abortion is necessary to save the life of the woman having the abortion.
B. Notwithstanding any other law,  public monies or tax monies of this state or any political subdivision of this state shall not be expended directly or indirectly to pay the costs,  premiums or charges associated with a health insurance policy,  contract or plan that provides coverage,  benefits or services related to the performance of any abortion unless an abortion is necessary to either:
1. Save the life of the woman having the abortion.
2. Avert substantial and irreversible impairment of a major bodily function of the woman having the abortion.
C. Notwithstanding any other law,  public monies or tax monies of this state or any political subdivision of this state or any federal funds passing through the state treasury or the treasury of any political subdivision of this state or monies paid by students as part of tuition or fees to a state university or a community college shall not be expended or allocated for training to perform abortions.
D. This section does not prohibit the state from complying with the requirements of federal law in title XIX and title XXI of the social security act.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-196.03 - Refunds for invalid tax laws; appropriation required

35-196.03.
Refunds for invalid tax laws;  appropriation required
Notwithstanding any provision of law to the contrary,  no monies may be paid from the state treasury to refund monies collected under a law imposing a tax if the law is declared invalid by a final judgment of a court of competent jurisdiction until the legislature has made a specific appropriation for that purpose after the judgment has become final.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-196.04 - Use of public monies prohibited; human cloning research involving fetal remains from abortion; other prohibited research; definition

35-196.04.
Use of public monies prohibited;  human cloning research involving fetal remains from abortion;  other prohibited research;  definition
A. Notwithstanding any other law,  tax monies of this state or any political subdivision of this state,  federal monies passing through the state treasury or the treasury of any political subdivision of this state or any other public monies shall not be used by any person or entity,  including any state funded institution or facility,  for human somatic cell nuclear transfer,  commonly known as human cloning.
B. Notwithstanding any other law,  public monies or tax monies of this state or any political subdivision of this state,  any federal monies passing through the state treasury or the treasury of any political subdivision of this state or monies paid by students as part of tuition or fees to a state university or a community college shall not be expended or allocated for or granted to or on behalf of an existing or proposed research project that involves fetal remains from an abortion or human somatic cell nuclear transfer or any research that is prohibited by title 36,  chapter 23.
C. This section does not restrict areas of scientific research that are not specifically prohibited by this section,  including research in the use of nuclear transfer or other cloning techniques to produce molecules,  deoxyribonucleic acid,  cells other than human embryos,  tissues,  organs,  plants or animals other than humans.
D. For the purposes of this section,  " human somatic cell nuclear transfer"  means human asexual reproduction that is accomplished by introducing the genetic material from one or more human somatic cells into a fertilized or unfertilized oocyte whose nuclear material has been removed or inactivated so as to produce an organism,  at any stage of development,  that is genetically virtually identical to an existing or previously existing human organism.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-196.05 - Public funding; family planning services; contracting with certain facilities; prohibition; enforcement; definitions

35-196.05.
Public funding;  family planning services;  contracting with certain facilities;  prohibition;  enforcement;  definitions
A. Subject to any applicable requirements of federal law,  regulations or guidelines,  any appropriation,  expenditure or grant of public monies for family planning services by this state or any political subdivision of this state shall be made in the following order of priority:
1. To health care facilities that are owned or operated by this state or any political subdivision of this state.
2. To hospitals and federally qualified health centers.
3. To rural health clinics.
4. To health care providers whose primary area of practice is the provision of primary health services as enumerated in 42 United States Code section 254b(b)(1).
B. This state or any political subdivision of this state may not enter into a contract with or make a grant to any person that performs nonfederally qualified abortions or maintains or operates a facility where nonfederally qualified abortions are performed for the provision of family planning services.
C. The attorney general or the county attorney may bring an action in law or equity to enforce this section,  and relief shall be made available in appropriate circumstances,  including recoupment and declaratory and injunctive relief.
D. Any entity that is eligible for the receipt of public monies has standing to bring any action that the attorney general or the county attorney may bring pursuant to subsection C of this section,  if the expenditure or grant of public monies has resulted in the reduction of public monies available to that entity.
E. Any monies that are recouped under actions taken pursuant to subsection C or D of this section shall revert to the fund from which the monies were appropriated or granted. A prevailing plaintiff under subsection C or D of this section shall be awarded reasonable attorney fees and costs.
F. For the purposes of this section:
1. " Abortion"  has the same meaning prescribed in section 36-2151.
2. " Federally qualified health center"  means a health care provider that is eligible for federal funding under 42 United States Code section 1396d(1)(2)(B).
3. " Hospital"  means a primary or tertiary care facility licensed pursuant to title 36,  chapter 4,  article 2.
4. " Nonfederally qualified abortion"  means an abortion that does not meet the requirements for federal reimbursement under title XIX of the social security act.
5. " Public monies"  means state monies from whatever source,  monies of a political subdivision from whatever source and federal monies provided under title X of the public health service act (42 United States Code sections 300 through 300a-8) and titles V,  XIX and XX of the social security act.
6. " Rural health clinic"  means a health care provider that is eligible to receive federal funding under 42 United States Code section 1395x(aa)(2).
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-211 - Approval, allowance or payment of unauthorized claim; liability of parties; penalty

35-211.
Approval,  allowance or payment of unauthorized claim;  liability of parties;  penalty
When any person who is obligated to approve,  audit,  allow or pay claims or demands upon the state,  approves,  audits,  allows or pays,  or consents to,  or connives at,  approving,  auditing,  allowing or paying a claim or demand against the state not authorized by law,  such person,  and the person in whose favor the claim or demand was made,  shall be liable for any funds procured in such manner,  plus twenty per cent of such amount and legal interest upon the amount paid from date of payment.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-213 - Failure of attorney general to bring action; action by taxpayer; bond; amount of recovery and attorney fees

35-213.
Failure of attorney general to bring action;  action by taxpayer;  bond;  amount of recovery and attorney fees
A. An action to recover illegally paid public monies pursuant to section 35-212,  subsection B,  paragraph 1 or 3 may be brought only by the attorney general.
B. A taxpayer of this state may request,  in writing,  the attorney general to institute an action pursuant to section 35-212. A request made regarding a political subdivision may be made only by a taxpayer of the political subdivision that is the subject of the request. A request made regarding a county may only be submitted twenty-one days after a request is made to the county attorney pursuant to section 11-642. If,  for sixty days after the request made by the taxpayer in writing,  the attorney general fails to institute an action as provided in section 35-212,  the taxpayer who made the request may institute the action pursuant to section 35-212,  subsection A or subsection B,  paragraph 2 in the taxpayer's own name and at the taxpayer's own cost with the same effect as if brought by the attorney general.
C. The person instituting the action shall execute a bond payable to the defendant in the action,  conditioned that the plaintiff will prosecute the action with diligence and finality and will pay all damages sustained by the defendant by reason of the action and all costs incurred in the action,  including attorney fees awarded to the defendant.
D. The court may award the prevailing party costs and reasonable attorney fees,  not to exceed forty percent of the amount sought to be recovered or saved to the state or political subdivision.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-214 - Inspection and audit of contract provisions

35-214.
Inspection and audit of contract provisions
A. Except as provided in subsection C,  in all contracts and subcontracts for the furnishing of goods,  equipment,  labor,  materials or services to the state,  or any of its agencies,  boards,  commissions or departments,  there shall be a provision that all books,  accounts,  reports,  files and other records relating to the contract shall be subject at all reasonable times to inspection and audit by the state for five years after completion of the contract. The contract provision shall also require that such records be produced at such state offices as designated by the state in the contract.
B. Nothing in subsection A shall preclude a more stringent audit requirement agreed to by the parties in any state contract,  and no rule of procedure shall limit the authority of the state to exercise its rights under this section.
C. This section does not apply to contracts or subcontracts for the furnishing of goods,  equipment,  materials or services to any agency,  board,  commission or department of this state by another agency,  board,  commission or department of this state or a political subdivision of this state.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-215 - Influencing, obstructing or impairing audit; classification

35-215.
Influencing,  obstructing or impairing audit;  classification
A person who,  with intent to defraud,  or deceive,  improperly influences,  obstructs or impairs an audit being conducted or about to be conducted in relation to any contract or subcontract with the state is guilty of a class 5 felony.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-324 - Investment of trust funds

35-324.
Investment of trust funds
The treasurer shall invest and reinvest monies of trust funds in:
1. Any securities allowed for the investment of public monies.
2. Fixed income securities of corporations organized and doing business in any state of the United States or the District of Columbia that carry one of the two highest ratings of Moody's investors service and Standard and Poor's rating service or their successors. If only one of these services rates the security,  it must carry the highest rating of that service. If a rating change occurs after purchase,  it is not mandatory to sell the security.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-325 - Servicing bank of public monies

35-325.
Servicing bank of public monies
A. Any bank that qualifies to become an eligible depository of the deposits of public monies,  that has a total capital structure of ten million dollars or more,  resources of one hundred million dollars or more and that is otherwise in a sound condition is eligible to be the servicing bank for the deposits of state and county monies.
B. No later than the first Monday in March of each year of award,  the county boards of deposit shall in writing notify each of the banks qualified to be a servicing bank of the time and place at which servicing bids will be received. Notification of bids shall clearly specify all services required to be performed by the servicing bank. The servicing bid solicited shall be the sum of dollars for which the qualified bank will agree to perform the required services as a servicing bank for the ensuing period of designation as established by the board of deposit. The award shall be made for an initial period of not more than three years with the option to renew for two years on the mutual consent of the parties and may be paid from general fund interest earnings according to rules adopted by the board of deposit.
C. No later than the fourth Monday in April of the year of the award,  county boards of deposit shall meet and receive the servicing bids in writing. Only those bids which conform to the specifications set forth in the notification of bids shall be considered. Bids shall be evaluated based on response,  price,  services,  qualifications and other scope of work factors that are detailed in the bid documents. The qualified bank representing the highest rated bid shall be designated as the servicing bank. Designations shall be evidenced by the signing of the notification of bid by the treasurer and the designee bank.
D. A treasurer or servicing bank may terminate a servicing bank contract at any time after one hundred eighty days' prior written notice is given.
E. This section does not require any treasurer to utilize a servicing bank.
F. This section or the specifications set forth in the notification of bids shall not be construed to require the servicing bank to purchase warrants.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-326 - Local government investment pool: definition

35-326.
Local government investment pool: definition
A. The state treasurer may maintain one or more pooled investment funds for the collective investment of monies in this state. Securities or other instruments in which the monies may be invested are those that are provided for in article 2 of this chapter.
B. The state treasurer may deposit state monies in a pooled investment fund and may also receive into a fund monies that are deposited by any political subdivision or public entity in this state or public trust that is legally authorized or required to deposit monies with the state treasurer for investment. When a depositor provides monies to a pooled investment fund,  the state treasurer may require the depositor to specify the date or dates on which it will require the monies. The assets of a pooled investment fund shall be invested by the state treasurer for such periods as will facilitate the return of the monies to the depositing entities in accordance with the instructions received at the time of deposit. Earnings shall be credited promptly after calculation.
C. The state treasurer shall compute on a monthly basis the rate of earnings on the pooled investment fund for that month,  and 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.
D. The governing body of any political subdivision,  public trust or public entity,  by adopting a resolution of continuing effect,  may authorize and request the state treasurer to invest monies for the governing body pursuant to this section.
E. For the purposes of this section,  " political subdivision"  means any governmental entity operating under the authority of this state,  including a city,  town,  county,  school district or community college district or any other entity organized under state law.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-326.01 - Long-term local government investment pools; management fees; deposit

35-326.01.
Long-term local government investment pools;  management fees;  deposit
A. The state treasurer may establish new long-term local government investment pools for trust and treasury monies,  cities,  towns,  tribal governments,  counties and political subdivisions of this state. The terms of the investment pools shall be as determined by the state board of investment.
B. Monies received by the state treasurer from management fees of the long-term local government investment pools shall be deposited in the state treasurer's operating fund established by section 35-316.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-328 - Investment of sinking funds

35-328.
Investment of sinking funds
A. All sinking funds of this state,  or a county,  city,  town or school district,  or hospital,  irrigation or drainage district organized as provided by law may be invested and reinvested by the governing body or officer in charge of the sinking funds. The investment shall be made for the best interests of the state or political subdivision described in this subsection.
B. In the absence of specific direction in the bond indenture,  the funds may be invested or reinvested in any of the investment securities allowed for trust funds.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-341 - Definitions

35-341.
Definitions
In this article,  unless the context otherwise requires:
1. " Agency"  means any state agency,  school district or office or agency established by either title 11 or a county board of supervisors.
2. " Goods"  means all personal property purchased,  procured or contracted for by an agency,  including leases of real property or other arrangements for the use of space.
3. " Services"  means all services purchased,  procured or contracted for by an agency,  including construction services.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-342 - Payment of agency accounts; delinquency; interest

35-342.
Payment of agency accounts;  delinquency;  interest
A. Any agency which purchases or procures goods and services from a nongovernmental entity on account shall pay the account in full within thirty days after receipt of goods or services and correct notice of amount due in writing to the agency or shall pay interest on the outstanding balance at the rate prescribed in section 44-1201 until the account is paid in full,  unless a good faith dispute exists as to the agency's obligation to pay all or a portion of the account.
B. Any nongovernmental entity which purchases or procures goods or services from another nongovernmental entity on account for the purpose of providing such goods or services to an agency shall pay the account when due in full in accordance with current industry standards relating to the time of payment or in no event later than thirty days after receipt of the goods or services and correct notice in writing of the amount due on the account or shall pay interest on the outstanding balance at the rate prescribed in section 44-1201,  or at such other interest rate or other terms as may be agreed in writing by the parties,  until the account is paid in full,  unless a good faith dispute exists as to the obligation to pay all or a portion of the account. If the delay in payment is caused by the agency and no interest or payment is received by the nongovernmental entity on the account,  interest shall not be paid to the other nongovernmental entity on the account under this section unless otherwise agreed in writing by the parties.
C. The accounts of the agency referred to in this section shall not be deemed paid until all interest provided for under subsection A of this section is paid in full. If a dispute as to the amount due under this section relates only to a portion of an account due interest shall be paid on the remaining sums due on the account until paid.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-381 - Acceptance of warrants in payment of debts; exception

35-381.
Acceptance of warrants in payment of debts;  exception
Warrants that are lawfully issued by a county,  city or town,  or by a county school superintendent on behalf of a school district,  are assignable and shall be accepted at face value with accrued interest in payment of not more than seventy-five percent of any debt or demand,  including taxes,  due the political subdivision on behalf of which the warrants are issued. Any such warrant shall not be accepted to pay taxes levied for a political subdivision other than that against which the warrant is drawn.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-382 - Effect of acceptance of warrants by county treasurer

35-382.
Effect of acceptance of warrants by county treasurer
Warrants of a city,  town or school district accepted in accordance with the provision of section 35-381 by the county treasurer as tax collector,  shall in all matters of accounting between the treasurer and such city,  town or school district,  be treated as money to the face value thereof with interest accrued to the date of acceptance by the treasurer.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-383 - Charging warrant to respective funds

35-383.
Charging warrant to respective funds
Warrants accepted in payment of debts or demands,  including taxes,  shall be charged to the respective funds against which they are drawn. In the case of county warrants the board of supervisors shall direct the county treasurer to transfer from the general fund to the funds against which the warrants are drawn,  sufficient money to cover the warrants.
2023 Arizona Revised Statutes › Title 35 - Public Finances › § 35-391 - Credit card payments by governmental entities; disclosure; definitions

35-391.
Credit card payments by governmental entities;  disclosure;  definitions
A. A governmental entity may require that a vendor accept a specific method of payment exclusively for any goods or services provided by the vendor to the governmental entity. If a governmental entity requires a specific method of payment be used exclusively,  the governmental entity must disclose the required method of payment during the bid process or amend the contract under mutual agreement with the vendor.
B. If a governmental entity pays a vendor by credit card for goods or services provided by the vendor to the governmental entity,  the governmental entity shall disclose in its annual financial report the amount of any reward,  discount,  incentive or other financial consideration received by the governmental entity resulting from the credit card payment.
C. For the purposes of this section:
1. " Credit card"  has the same meaning prescribed in section 35-101.
2. " Governmental entity"  means an agency,  board,  commission,  department or other entity operating under the authority of this state or a city,  town,  county,  school district,  community college district or special taxing district.