The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
35-319 - Permanent state trust land fund monies; state board of investment; state treasurer; duties; distributions; mandamus action
35-319. Permanent state trust land fund monies; state board of investment; state treasurer; duties; distributions; mandamus action
(Rpld. 7/1/25)
A. Notwithstanding any other law, the state board of investment and the state treasurer shall take all actions necessary for the distributions to be made pursuant to article X, section 7, Constitution of Arizona, and sections 37-521, 37-522, 37-523, 37-524 and 37-525. The distributions shall be made on or before the last business day of each month.
B. If the state board of investment or the state treasurer fails to perform the duties prescribed in subsection A of this section, the governor, the speaker of the house of representatives or the president of the senate may file an action with the supreme court to obtain a writ of mandamus under section 12-2021 or other appropriate action to compel performance of the board's or treasurer's duties. The supreme court shall exercise its jurisdiction under article VI, section 5, subsection 1, Constitution of Arizona, and section 12-2021 and issue its decision as expeditiously as practicable.