This bill proposes to amend Arizona Revised Statutes by adding a new chapter focused on business relocation. It introduces definitions for key terms such as "Agency," "Employer," "Part-time employee," and "State subsidy," which clarify the scope of the legislation. Notably, it requires employers intending to relocate to notify the Department of Economic Security at least 120 days in advance and establishes penalties for non-compliance. Additionally, it mandates the compilation and distribution of a semiannual list of relocating employers, which will affect their eligibility for state subsidies for five years following their relocation.

Furthermore, the bill stipulates that all work related to state business must be conducted within Arizona or by state contractors, with a compliance deadline for existing contractors set for November 1, 2026. It also includes provisions for potential waivers of subsidy ineligibility under certain conditions, such as significant job loss or economic impact. Importantly, the bill ensures that workers employed by relocating employers are not denied payments or benefits under existing laws. The act is set to take effect on October 31, 2025, and is titled the "State Investment Accountability Act."