The proposed bill would amend current statutes by adding a new section that requires health profession regulatory boards to conduct an annual public review of their fees and disclose their fund balances. Specifically, each board must ensure that its fund balance does not exceed two years of annual operating expenses plus an additional five percent. If the fund balance exceeds this limit, the board is mandated to reduce or eliminate licensing or application fees until the balance is compliant with the new requirements.

Additionally, the bill clarifies the definition of "licensing authority" to include various state agencies that issue licenses, while excluding the Board of Certified Reporters and health profession regulatory boards from this definition. It also removes the provision that allowed boards to maintain extra funds based on their last operational funding request if not approved by the legislature. Overall, these changes aim to enhance fiscal responsibility and transparency among health boards and licensing authorities in Arizona.

Statutes affected:
Introduced Version: 32-3209.01