Article 10, Section 7 of the Arizona State Constitution requires the Legislature to create a Board of Investment to review all the investment activities of the Arizona State Treasurer and to serve as trustees of the Permanent Land Endowment Trust Fund (PLETF). The Board of Investment is also responsible for the approval of the State Treasurer’s Office Investment Policy Statement.
The Legislature constituted the Board of Investment pursuant to A.R.S. 35-311, and designated the membership of the Board to be the State Treasurer, two individuals appointed by the Treasurer, the Director of the Department of Administration, and the State Banking Superintendent. The State Treasurer serves as Chairwoman.
Meetings of the State Board of Investment are held monthly and are open to the public. Notice of future meetings are posted in advance pursuant to the Arizona Open Meetings Law. All Board of Investment meetings are held in the executive conference room of the Arizona State Treasurer’s Office, 1700 W. Washington Street, Phoenix, AZ 85007.