The proposed bill, if enacted, would amend current statutes by introducing new requirements for health profession regulatory boards and licensing authorities regarding their fee structures and fund balances. Specifically, it mandates that each board or authority must conduct a public review of their fees at least once per fiscal year and disclose their fund balance during this meeting. The fund balance is capped at two years of annual operating expenses plus an additional five percent. If the fund balance exceeds this limit, the boards or authorities are required to reduce or eliminate the licensing or application fees charged to professionals under their jurisdiction until the fund balance falls below the allowable amount.

Additionally, the bill expands the definition of "licensing authority" to include any board that issues licenses, permits, certificates, or registrations, while explicitly excluding the Board of Certified Reporters and health profession regulatory boards. This change broadens the scope of entities affected by the fee reduction requirements, ensuring that more regulatory bodies are held accountable for maintaining appropriate fund balances and fee structures. Overall, the bill aims to enhance transparency and fiscal responsibility among regulatory boards and licensing authorities in Arizona.

Statutes affected:
Introduced Version: 32-3209.01
Senate Engrossed Version: 32-3209.01