The proposed bill, HB2633, establishes the Real Estate Information Technology Fund, which will be utilized to enhance the technological capabilities of the Arizona Department of Real Estate (ADRE). The fund will support upgrades to ADRE's software and equipment, allow for contracts with external vendors for these upgrades, and cover software subscriptions. Importantly, the fund cannot be used to pay for ADRE staff salaries. Additionally, the fund is subject to legislative appropriation and is exempt from lapsing provisions.

Furthermore, the bill appropriates $3,000,000 from the Arizona Department of Administration's Automation Projects Fund for fiscal year 2024-2025 to the newly established Real Estate Information Technology Fund. This appropriation is intended to support the technological improvements outlined in the bill. The bill also includes various technical amendments to existing statutes related to the operations of the ADRE.

Statutes affected:
Introduced Version: 32-2103, 32-2107, 32-2132, 35-146, 35-147, 38-611, 35-190
House Engrossed Version: 32-2107