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 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 members on the Board as it incorporates the new positions. The current designations (d) through (j) would be adjusted to accommodate the new members, ensuring a clear and organized structure within the statute. Overall, the bill seeks to modernize the governance of the Arizona Commerce Authority by integrating key legislative figures into its leadership.

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