The proposed bill, if enacted, would amend current statutes to require health profession regulatory boards and licensing authorities to conduct an annual review of their fees in a public meeting. Specifically, each board or authority would need to ascertain and disclose its fund balance during this review. The fund balance would be capped at two years of annual operating expenses plus an additional five percent. If the fund balance exceeds this limit, the board or authority would be mandated to reduce or eliminate licensing or application fees until the balance falls below the allowable amount.

Additionally, the bill expands the definition of "licensing authority" to include any state board that issues licenses, permits, certificates, or registrations, while explicitly excluding health profession regulatory boards and certain entities. This change aims to ensure that all relevant licensing authorities are held to the same standards regarding fee management and fund balance oversight, thereby promoting fiscal responsibility and transparency in the regulation of professions and occupations in Arizona.

Statutes affected:
Introduced Version: 32-3209.01
Senate Engrossed Version: 32-3209.01
House Engrossed Version: 32-1291.02, 32-3209.01