If this bill were to become law, it would repeal sections 33-1329 and 33-1416 of the Arizona Revised Statutes, which currently govern rent regulation. This means that the specific provisions and regulations outlined in these sections would no longer be in effect, effectively eliminating any legal framework related to rent control or regulation as defined in those sections.

As a result, the current statutes would remain unchanged except for the removal of the aforementioned sections. This repeal would signify a shift in the legislative approach to rent regulation in Arizona, potentially allowing for more flexibility in rental agreements and market dynamics without the constraints imposed by the now-repealed statutes.