Arizona § 35-324 - Investment of trust funds
Full text of Arizona Arizona Revised Statutes § 35-324 — Investment of trust funds, with citation guidance and answers to common questions.
§ 35-324. Investment of trust funds
The treasurer shall invest and reinvest monies of trust funds in:
1. Any securities allowed for the investment of public monies.
2. Fixed income securities of corporations organized and doing business in any state of the United States or the District of Columbia that carry one of the two highest ratings of Moody's investors service and Standard and Poor's rating service or their successors. If only one of these services rates the security, it must carry the highest rating of that service. If a rating change occurs after purchase, it is not mandatory to sell the security.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 35-324
What does Arizona Revised Statutes § 35-324 cover?
Section 35-324 ("Investment of trust funds") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 35-324?
A common citation format is "Arizona Revised Statutes § 35-324" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 35-324 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.