Code · Arizona · Title 35 — Public Buildings, Works, and Improvements

35-314.02. Budget stabilization fund monies; investment

62 words·~1 min read·/az/title-35/35-314-02

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.