If enacted, this bill 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 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.

The bill also makes several technical and conforming changes to the existing statute, specifically by updating the numbering of the sections that follow the new insertions. It deletes the previous designations for certain members of the Board, ensuring that the new structure is clearly defined and that the roles of existing members are preserved without confusion. Overall, the changes aim to modernize the governance of the Arizona Commerce Authority while maintaining its original mission of fostering economic growth and business retention in the state.

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