This bill proposes amendments to section 15-1622 of the Arizona Revised Statutes, specifically concerning the governance structure of universities. The current law, which outlines the selection of officers by the board, will remain unchanged except for the addition of the word "and" to clarify the list of officers, which includes the president, secretary, and treasurer. Additionally, the bill introduces the requirement for the treasurer to provide an additional bond, enhancing financial accountability.

Furthermore, the bill maintains the existing quorum requirements for board meetings but adds the word "the" for clarity in the phrase regarding the transaction of business. Overall, the updates aim to improve the clarity and accountability of the governance process without altering the fundamental structure of the current law.

Statutes affected:
Introduced Version: 15-1622