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 appropriates $1,000,000 from the state General Fund for fiscal year 2026 to support the pilot program and exempts this appropriation from lapsing provisions. It also outlines reporting requirements, including a preliminary report by December 31, 2026, and a final report by December 31, 2028, detailing the program's implementation status, effectiveness, and recommendations for future use of blockchain technology. The pilot program is set to terminate on December 31, 2029, and ensures that any personal identifying information is excluded from the publicly accessible blockchain platform.

Statutes affected:
Introduced Version: 23-928