SB1053 is a bill that amends Title 41, Chapter 10, Article 1 of the Arizona Revised Statutes by adding Section 41-1527, which establishes the Arizona-Ireland Trade Commission within the Arizona Commerce Authority (ACA). The bill outlines the composition of the Commission, which includes members appointed by the President of the Senate, the Speaker of the House of Representatives, and the Governor. The Commission's purpose is to advance bilateral trade and investment between Arizona and Ireland, initiate joint policy actions, promote business and academic exchanges, and encourage mutual economic support and investment in infrastructure.

The Commission is authorized to accept voluntary contributions to carry out its purposes and is required to elect a chairperson and vice chairperson annually, meet at least once a year, and submit an annual report detailing its findings, results, and recommendations to the Governor, the President of the Senate, the Speaker of the House of Representatives, and provide a copy to the Secretary of State. The bill specifies that appointments to the Commission should be made by December 31, 2024, and that members will serve four-year terms with compensation and reimbursement for expenses. The bill is set to become effective on the general effective date.

Statutes affected:
House Engrossed Version: 41-1527
Chaptered Version: 41-1527