The proposed bill, if enacted, would establish the Arizona Blockchain Budget Initiative Pilot Program within the Department of Administration (ADOA) to evaluate the feasibility and cost-effectiveness of utilizing a blockchain platform for recording and publishing budget data from selected state agencies. The bill includes provisions for ADOA to select up to three agencies based on criteria such as budget size, technical readiness, and public interest. It mandates the procurement of a blockchain platform that allows real-time data publication while ensuring compliance with confidentiality laws. Additionally, ADOA is required to provide training and guidelines for participating agencies on data security and privacy compliance.

The bill also stipulates that ADOA must submit preliminary and final reports to state leadership by specified deadlines, detailing the program's implementation status, costs, and effectiveness in enhancing budget transparency. It appropriates $1,000,000 from the state General Fund for the pilot program and exempts this appropriation from lapsing provisions. The pilot program is set to terminate on December 31, 2029, and the bill includes measures to protect personal identifying information from being publicly accessible on the blockchain platform.

Statutes affected:
Introduced Version: 23-928