This bill proposes updates to section 38-511 of the Arizona Revised Statutes regarding state contracts. The current law allows the state and its political subdivisions to cancel contracts within three years if any person significantly involved in the contract is also an employee or agent of another party to the contract. The bill maintains this provision but clarifies the language by replacing "The state" with "This state" and making minor grammatical adjustments. Additionally, it specifies that the cancellation is effective upon written notice from the governor or chief executive officer, and it allows for the recoupment of fees or commissions from any other party to the contract.

Furthermore, the bill introduces new definitions to clarify terms used in the statute. It explicitly states that "any other party" does not include the federal government or any federal agency, and it modifies the definition of "political subdivisions" to exclude certain entities formed under specific titles. Overall, the bill aims to enhance clarity and precision in the existing law while preserving the fundamental rights and obligations related to state contracts.

Statutes affected:
Introduced Version: 38-511