The bill HB2376 seeks to impose stricter regulations on the transfer of privately owned real property in Arizona to the federal government. It requires that any such transfer receive express consent from the Governor through a joint resolution passed by a majority of the Legislature. The bill also introduces a right of first refusal for the state to purchase the property before it is sold to the federal government, along with specific reporting requirements for property sales and civil penalties for non-compliance.

Key changes from current law include the mandatory legislative approval for property transfers, a formal notification process for escrow agents and property owners, and the establishment of penalties for failing to report transactions. The bill clarifies that it does not apply to land acquired through congressionally approved exchanges and emphasizes the need to protect Arizona's tax base by ensuring that property transfers do not remove properties from state, county, and municipal tax rolls.

Statutes affected:
Introduced Version: 37-620.02
House Engrossed Version: 37-620.02