HB2252 is a bill that proposes significant changes to the regulation of professional employer organizations (PEOs) in Arizona. The bill seeks to remove the requirement for PEOs to register with the Secretary of State (SOS). It also specifies that any bond required to be maintained by a PEO must be held by an insured depository institution instead of a depository designated by the SOS. Additionally, the bill repeals statutes related to the administration of the PEO registration requirement and makes technical and conforming changes. The bill is set to become effective on the general effective date.

The bill amends and repeals various sections of the Arizona Revised Statutes. It repeals sections 23-563 through 23-568, which relate to PEO registration, and sections 23-575 and 23-576. It also amends sections 23-561 and 23-572, making changes to definitions and requirements for PEOs, such as the elimination of the term "registrant" and the clarification of the bond holding requirements. The bill aims to simplify the regulatory framework for PEOs and remove certain administrative burdens.

Statutes affected:
Introduced Version: 23-561, 23-563, 23-564, 23-565, 23-566, 23-567, 23-568, 23-569, 23-572, 23-575, 23-576, 23-907
House Engrossed Version: 23-561, 23-563, 23-564, 23-565, 23-566, 23-567, 23-568, 23-569, 23-572, 23-575, 23-576, 23-907
Chaptered Version: 23-561, 23-563, 23-564, 23-565, 23-566, 23-567, 23-568, 23-569, 23-572, 23-575, 23-576, 23-907