2005 Arizona Revised Statutes - Revised Statutes §41-177 Long-term local government investment pools; fund; exemption
A. The state treasurer may establish new long-term local government investment pools for cities, towns, tribal governments, counties and political subdivisions of this state. The terms of the investment pools shall be as determined by the state board of investment.
B. A state treasurer's management fund is established consisting of monies received by the state treasurer from management fees of the long-term local government investment pools.
C. Subject to legislative appropriation, the state treasurer's portion of the monies in the fund shall be used only for personnel and operating expenses of the state treasurer's office relating to technology and investments.
D. State treasurer monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.
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