This bill proposes to amend Arizona Revised Statutes by adding a new chapter focused on litigation financing agreements. It introduces definitions for key terms such as "funded action," "litigation blind pool," and "litigation financier," which clarify the scope and nature of litigation funding. The bill establishes that litigation financiers must maintain blind pools, ensuring that identifying information about funded actions is not disclosed to third parties, thereby protecting proprietary and confidential information.

Additionally, the bill grants the attorney general exclusive authority to enforce compliance with the new regulations, including the ability to investigate potential violations and seek injunctions against unlawful practices. It outlines the procedures for the attorney general to require reports, examine records, and impound materials related to violations. The act applies to all litigation financing within Arizona, effective from its enactment, while exempting financiers who operate solely outside the state.