government investments; fiduciaries; pecuniary benefit
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SB 1500 — government investments; fiduciaries; pecuniary benefit
Last action — Vetoed by Governor
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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5To Executive
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6Enacted
This bill died with 56th Legislature - First Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Vetoed by Governor Katie Hobbs (Democratic) on June 16, 2023.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Bill Text
What changed in the latest version
6 added · 8 removedPlain-language change summary
The amendments to Senate Bill 1500 add specific language regarding government investments and the fiduciaries responsible for managing those investments. These additions clarify the duties and expectations of fiduciaries in ensuring that their decisions benefit the public financially. Removing some introductory lines streamlines the bill, making it easier to read and understand. This change matters because it enhances accountability and transparency in how public funds are managed.
REFERENCESenate TITLE:Engrossed government investments;
government investments;
pecuniary benefit State of Arizona Senate Fifty-sixth Legislature First Regular Session SBSENATE BILL 1500 IntroducedAN byACT SenatorsAMENDING Carroll:TITLE 35, CHAPTER 2, ARTICLE 2, ARIZONA REVISED STATUTES, BY ADDING SECTION 35-320;
Bennett, Gowan, Kerr, Shamp;
Representatives Carbone, Carter, Dunn, Martinez, Nguyen, Smith, Wilmeth AN ACT AMENDING TITLE 35, CHAPTER 2, ARTICLE 2, ARIZONA REVISED STATUTES, BY ADDING SECTION 35-320;
(TEXT OF BILL BEGINS ON NEXT PAGE) - i - SBS.B. 1500 Be it enacted by the Legislature of the State of Arizona:
1500 Be it enacted by the Legislature of the State of Arizona:
- 1 - SBS.B. 1500 3.
1500 3.
- 2 - SBS.B. 1500 1.
1500 1.
View plain text versions (2)
- Engrossed Senate Engrossed Version Current pdf
- Introduced Introduced Version pdf
Action History
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Vetoed by Governor
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Transmit to Governor
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Transmit to Senate
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PASSED
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DP
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House Placed on Consent Calendar
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DP
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House Second Reading
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House First Reading.
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Transmit to House
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PASSED
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DP
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DP
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Senate Second Reading
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Senate First Reading
Sponsors
- Justin Wilmeth · Cosponsor
- Quang H Nguyen · Cosponsor
- Teresa Martinez · Cosponsor
- Timothy "Tim" Dunn · Cosponsor
- Neal Carter · Cosponsor
- Michael Carbone · Cosponsor
- Janae Shamp · Cosponsor
- David Gowan · Cosponsor
- Frank Carroll · Primary
- Ken Bennett · Cosponsor
- Sine Kerr · Cosponsor
- Austin Smith · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 11 co-sponsors · 81 not signed on · 41 voted No
Sponsors (1)
- Frank Carroll Republican
Co-sponsors (11)
- Justin Wilmeth Republican
- Quang H Nguyen Republican
- Teresa Martinez Republican
- Timothy "Tim" Dunn Republican
- Neal Carter Republican
- Michael Carbone Republican
- Janae Shamp Republican
- David Gowan Republican
- Ken Bennett
- Sine Kerr
- Austin Smith
Not signed on (81)
81 members have not signed on to this bill.
Show all 81 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 0 | 16 | 0 | 2 |
| Republican | 23 | 0 | 0 | 0 |
| Unaffiliated | 8 | 11 | 0 | 0 |
| Total | 31 | 27 | 0 | 2 |
| % of votes cast | 52% | 45% | 0% | 3% |
How each member voted (60)
Roll call published as PDF — view source.
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 0 | 10 | 0 | 0 |
| Unaffiliated | 6 | 4 | 0 | 0 |
| Republican | 10 | 0 | 0 | 0 |
| Total | 16 | 14 | 0 | 0 |
| % of votes cast | 53% | 47% | 0% | 0% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Anna Hernandez | — | Nay |
| Anthony Kern | — | Yea |
| Christine Marsh | — | Nay |
| Juan Mendez | — | Nay |
| Justine Wadsack | — | Yea |
| Ken Bennett | — | Yea |
| Raquel Terán | — | Nay |
| Sine Kerr | — | Yea |
| Sonny Borrelli | — | Yea |
| Steve Kaiser | — | Yea |
| Brian Fernandez | Democrat | Nay |
| Catherine Miranda | Democrat | Nay |
| Denise “Mitzi” Epstein | Democrat | Nay |
| Eva Burch | Democrat | Nay |
| Eva Diaz | Democrat | Nay |
| Lela Alston | Democrat | Nay |
| Priya Sundareshan | Democrat | Nay |
| Rosanna Gabaldón | Democrat | Nay |
| Sally Ann Gonzales | Democrat | Nay |
| Theresa Hatathlie | Democrat | Nay |
| David C. Farnsworth | Republican | Yea |
| David Gowan | Republican | Yea |
| Frank Carroll | Republican | Yea |
| J.D. Mesnard | Republican | Yea |
| Jake Hoffman | Republican | Yea |
| Janae Shamp | Republican | Yea |
| John Kavanagh | Republican | Yea |
| Thomas "T.J." Shope | Republican | Yea |
| Warren Petersen | Republican | Yea |
| Wendy Rogers | Republican | Yea |
Roll call published as PDF — view source.
Subjects
Frequently asked questions
- Who sponsors SB 1500?
- SB 1500 is sponsored by Justin Wilmeth (Republican), Quang H Nguyen (Republican), Teresa Martinez (Republican), Timothy "Tim" Dunn (Republican), Neal Carter (Republican), Michael Carbone (Republican), Janae Shamp (Republican), David Gowan (Republican), Frank Carroll (Republican), Ken Bennett, Sine Kerr, and Austin Smith.
- What is the current status of SB 1500?
- This bill died with 56th Legislature - First Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 1500?
- Track SB 1500 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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