Sections
Article 1 Custodians of Public Money 35-301 – 35-302
Article 2 State Management of Public Monies 35-310 – 35-319
Article 2.1 Money Management 35-321 – 35-329
Article 3 Payment of Agency Accounts 35-341 – 35-342
Article 6 Acceptance of County or Municipal Warrants as Payment of Public Debts 35-381 – 35-383
Article 7 Credit Card Payments by Governmental Entities 35-391
Article 8 Terrorism Country Divestments 35-392
Article 9 Israel Boycott Divestments 35-393 – 35-393.03
Article 10 Forced Labor of Ethnic Uyghurs 35-394

Terms Used In Arizona Laws > Title 35 > Chapter 2 - Handling of Public Funds

  • Agency: means any state agency, school district or office or agency established by either title 11 or a county board of supervisors. See Arizona Laws 35-341
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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. See Arizona Laws 35-321
  • Boycott: means engaging in a refusal to deal, terminating business activities or performing other actions that are intended to limit commercial relations with entities doing business in Israel or in territories controlled by Israel, if those actions are taken either:

    (a) Based in part on the fact that the entity does business in Israel or in territories controlled by Israel. See Arizona Laws 35-393

  • 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. See Arizona Laws 35-321
  • 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. See Arizona Laws 35-321
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Company: means an organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company or other entity or business association, including a wholly owned subsidiary, majority-owned subsidiary, parent company or affiliate, that engages in for-profit activity and that has ten or more full-time employees. See Arizona Laws 35-393
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Direct holdings: means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests. See Arizona Laws 35-393
  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • 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. See Arizona Laws 35-310
  • 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. See Arizona Laws 35-321

  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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. See Arizona Laws 35-341
  • Indirect holdings: means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

    (a) Together with other investors that are not subject to this section. See Arizona Laws 35-393

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Month: means a calendar month unless otherwise expressed. See Arizona Laws 1-215
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Operating monies: means those treasury monies the interest from which is paid to the state general fund. See Arizona Laws 35-310
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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. See Arizona Laws 35-310
  • 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. See Arizona Laws 35-321
  • Petty offense: A federal misdemeanor punishable by six months or less in prison. Source: U.S. Courts
  • Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215
  • Public fund: means the state treasurer or a retirement system. See Arizona Laws 35-393
  • Public monies: includes subdivision monies. See Arizona Laws 35-321
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Restricted companies: means companies that boycott Israel. See Arizona Laws 35-393
  • Retirement system: means a retirement plan or system that is established by or pursuant to title 38. See Arizona Laws 35-393
  • Services: means all services purchased, procured or contracted for by an agency, including construction services. See Arizona Laws 35-341
  • State monies: means all monies in the treasury of this state or coming lawfully into the possession or custody of the state treasurer. See Arizona Laws 35-321
  • Subdivision: means any county, noncharter city or town. See Arizona Laws 35-321
  • Subdivision monies: means all monies in the treasury of a subdivision or coming lawfully into the possession or custody of the treasurer. See Arizona Laws 35-321
  • substitute check: means a paper reproduction of an original warrant or check that is created from an electronic image of the original warrant or check and that meets all of the following:

    1. See Arizona Laws 35-101.01

  • Treasurer: includes the treasurer or officer exercising the functions of treasurer of any subdivision but excludes the state treasurer. See Arizona Laws 35-321
  • Treasury monies: means all monies in the treasury of this state or coming lawfully into the possession or custody of the state treasurer. See Arizona Laws 35-310
  • Trust funds: means those monies entrusted to a public body or official for preservation and investment, as prescribed by the instrument establishing such funds. See Arizona Laws 35-321
  • Trust monies: means treasury monies, other than operating monies, that are entrusted to the state treasurer for preservation and investment. See Arizona Laws 35-310
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the District of Columbia and the territories. See Arizona Laws 1-215