This bill proposes to amend title 1, chapter 5 of the Arizona Revised Statutes by renaming the chapter from "PUBLIC PROGRAMS" to "PUBLIC RESOURCES" and adding a new article that defines key terms related to public resources. The definitions include "consideration," "control," "public entity," "public purpose," and "public resources," which clarify the conditions under which public entities can spend, loan, or allow the use of public resources. Notably, the bill emphasizes that public resources must be used for a public purpose, supported by consideration, and under the control of the public entity.

Additionally, the bill introduces a mechanism for accountability by allowing the attorney general or a taxpayer to challenge any expenditure, loan, or use of public resources in court. The plaintiff can prevail if they demonstrate that the challenged action does not serve a public purpose, lacks consideration, or fails to maintain control over the resources. This act is designated as the "Taxpayer Protection Act," aiming to enhance oversight and ensure that public resources are utilized appropriately.