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House Engrossed
bullion depository; state monies; treasurer |
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State of Arizona House of Representatives Fifty-seventh Legislature Second Regular Session 2026
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HOUSE BILL 2140 |
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AN ACT
amending title 6, arizona revised statutes, by adding chapter 18; relating to financial institutions.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1.1. Title
6, Arizona Revised Statutes, is amended by adding chapter 18, to read:
chapter 18
arizona bullion depository
6-1801. Arizona bullion depository; state monies; bullion storage; state treasurer; operational control
A. This state, including a state agency, county, municipality and other governmental entity may use the Arizona bullion depository to store bullion. The state treasurer may deposit not more than ten percent of state monies in the Arizona bullion depository in the form of bullion and that the bullion deposit is considered part of this state's financial reserves.
B. The state treasurer shall at all times have ultimate operational control of the arizona bullion depository.