state treasurer; conflicts of interest

HB 2303 amends Arizona law to clarify and strengthen conflict-of-interest rules for the state treasurer. It prohibits the treasurer from using insider information for personal gain or benefiting family members, and bans speculative investments that prioritize short-term gains over safety. The bill directly affects the state treasurer and their office by requiring investments to prioritize principal preservation and liquidity. It defines "insider information" as non-public investment details and "speculative investments" as high-risk assets based on future potential rather than current income. These changes aim to ensure the treasurer's actions always prioritize state interests over personal benefit.