The proposed bill, if enacted, would amend the Arizona Revised Statutes by expanding the Arizona Commerce Authority's Board of Directors to include two new ex officio members: the Chairperson of the Senate Finance Committee and the Chairperson of the House of Representatives International Trade Committee, or their respective designees. This addition aims to enhance legislative representation within the Board, which currently consists of 29 members, including various state officials and private sector leaders.

Additionally, the bill would make technical and conforming changes to the existing statute, specifically updating the numbering of the sections following the new insertions. It would replace the current designations for certain members of the Board, ensuring that the new roles are integrated smoothly into the existing framework without altering the overall structure of the Board. The current language regarding the Board's governance and its adherence to public meeting laws would remain unchanged.

Statutes affected:
Introduced Version: 41-1502
House Engrossed Version: 41-1502