The proposed bill seeks to amend section 15-1622 of the Arizona Revised Statutes, which pertains to the governance of universities. Under the current law, the board is responsible for selecting a president, secretary, and treasurer, with the stipulation that the same individual cannot hold both the secretary and treasurer positions. The bill introduces new language that clarifies the selection of officers by adding "and" between the roles of president, secretary, and treasurer, while also allowing the board to require the treasurer to provide an additional bond.

Additionally, the bill maintains the existing quorum requirements for board meetings, stating that a majority of the board's membership constitutes a quorum for conducting business. It also retains the provision that a smaller number than a quorum may adjourn meetings as necessary. Overall, the bill updates the language for clarity and consistency without altering the fundamental structure of the current statutes.

Statutes affected:
Introduced Version: 15-1622