HB2430 proposes to rename the Data Processing Acquisition Fund to the Business Services Sustainability Fund. The bill also amends the allocation of certain fees collected by the Secretary of State: $5 from the $15 fee for trademark registration or renewal and $5 from the $10 fee for trade name registration or renewal will be deposited into the newly named Business Services Sustainability Fund. Additionally, the bill makes technical and conforming changes to align with the new fund name and fee allocations.

The bill maintains the provision that monies in the fund are exempt from lapsing, but any unencumbered and unexpended funds exceeding $250,000 will revert to the state general fund at the end of each calendar year. The bill includes amendments to the Arizona Revised Statutes, specifically section 18-441, and relates to information technology improvements in the office of the Secretary of State.

Statutes affected:
Introduced Version: 18-441
House Engrossed Version: 18-441