The bill HB2417 seeks to continue the Arizona Commerce Authority (ACA) for an additional four years, extending its existence until July 1, 2028. This continuation is retroactive to July 1, 2024, and includes a provision that the ACA will terminate on January 1, 2029. The bill also includes a legislative intent clause emphasizing the ACA's role in facilitating economic growth and protecting the interests of Arizona businesses.

In contrast to current law, which allows the ACA to operate indefinitely until a sunset review, this bill explicitly sets a termination date for the ACA and repeals the relevant section of the Arizona Revised Statutes that governs its existence. The new provisions aim to ensure that the ACA's functions are reviewed and potentially revised or terminated by the specified dates, thereby providing a clearer timeline for its operations and oversight.

Statutes affected:
Introduced Version: 41-3024.31, 41-3028.04
House Engrossed Version: 41-3024.31, 41-3028.04