This bill proposes several updates to current statutes regarding the Arizona Commerce Authority and the establishment of the Arizona Office of Defense Innovation. Specifically, it introduces a new section that mandates the creation of the Arizona Office of Defense Innovation, which will focus on fostering partnerships to drive innovation in defense technologies and attract federal and private investments. The bill also stipulates that the Governor will appoint a director for this office and establishes an advisory board composed of members appointed by the Governor, the President of the Senate, and the Speaker of the House, with specific qualifications and staggered terms.

Additionally, the bill modifies the appointment process for the Chief Executive Officer (CEO) of the Arizona Commerce Authority, requiring the CEO to be appointed by the Governor rather than employed by the ACA Board of Directors. The bill also includes various provisions that outline the responsibilities of the new office, such as acting as a liaison with the Department of Defense, increasing federal funding for defense, and supporting companies seeking federal defense contracts. Overall, the bill aims to enhance Arizona's competitiveness in defense-related industries while making technical and conforming changes to existing laws.

Statutes affected:
Introduced Version: 41-1529
House Engrossed Version: 41-1529