The resolution HCR2038 proposes a measure that allows the Arizona Legislature to eliminate any agency rule that imposes costs exceeding $1,000,000 per year on taxpayers through a concurrent resolution. It also enables citizens or businesses affected by such rules to request an assessment from the Office of Economic Opportunity (OEO) regarding the financial impact of the rule. The OEO is required to complete this assessment and inform the Administrative Rules Oversight Committee, the public, and the Legislature of its findings within six months.

Additionally, the resolution includes a severability clause, ensuring that if any part of the act is deemed invalid, the remaining provisions will still be enforceable. The Secretary of State is tasked with submitting this proposition to voters during the next general election scheduled for November 3, 2026, making it contingent upon voter approval to become law.

Statutes affected:
Introduced Version: 41-1049, 41-1049.01
House Engrossed Version: 41-1049.01