HB2344 amends the local government investment pool in Arizona, detailing the state treasurer's role in managing pooled investments for political.

HB2344 amends Arizona law to clarify the state treasurer's role in managing the local government investment pool. The state treasurer can maintain one or more pooled investment funds for collective investment of monies from political subdivisions, public entities, and public trusts. The treasurer computes monthly earnings and credits interest to depositors. The bill defines "political subdivision" to include cities, towns, counties, school districts, and community college districts.

HB2344 amends the local government investment pool in Arizona, detailing the state treasurer's role in managing pooled investments for political.

HB2344 amends Arizona law to clarify the state treasurer's role in managing the local government investment pool. The state treasurer can maintain one or more pooled investment funds for collective investment of monies from political subdivisions, public entities, and public trusts. The treasurer computes monthly earnings and credits interest to depositors. The bill defines "political subdivision" to include cities, towns, counties, school districts, and community college districts.