If enacted, this bill would amend current statutes by introducing new definitions and regulations regarding the use of public resources by public entities. Specifically, it would change the chapter heading of title 1, chapter 5 of the Arizona Revised Statutes from "PUBLIC PROGRAMS" to "PUBLIC RESOURCES" and add a new article that outlines the conditions under which public entities can spend, loan, or allow the use of public resources. The bill would define key terms such as "consideration," "control," "public entity," "public purpose," and "public resources," establishing clear criteria for what constitutes acceptable use of public funds.

Additionally, the bill would empower the Attorney General or any taxpayer to challenge expenditures that do not meet the specified criteria in a court of general jurisdiction. It would require plaintiffs to prove by a preponderance of evidence that the challenged actions do not advance a public purpose, lack proper consideration, or fail to maintain control over the resources used. The legislation would be known as the "Taxpayer Protection Act" and would take effect on the general effective date.