SB1006 is a bill that mandates the State Board of Investment (BOI) to develop a policy for identifying U.S. companies that contribute to organizations advocating for abortions for minors or promoting sexually explicit material in K-12 education. The State Treasurer is required to divest from these identified companies. The bill also redefines the article heading of title 35, chapter 2, article 8 of the Arizona Revised Statutes from "TERRORISM COUNTRY DIVESTMENTS" to "STATE TREASURER AND RETIREMENT SYSTEM DIVESTMENTS" and includes a definition of "sexually explicit material."

The bill introduces changes to the current law by specifying the process for identifying companies to divest from, based on their support for certain types of organizations. It also outlines the communication process with these companies and federal officials, including Arizona's congressional delegation. The bill includes technical amendments, such as changing "less" to "fewer" and clarifying the divestment process. Additionally, it provides a detailed definition of "sexually explicit material," including acts of sexual conduct, sexual excitement, and ultimate sexual acts, with an explanation of what constitutes a simulated sexual act.

Statutes affected:
Introduced Version: 35-323, 35-392, 35-323.01, 35-326, 11-635
Senate Engrossed Version: 35-323, 35-392, 35-323.01, 35-326, 11-635