If this bill were to become law, it would amend current statutes related to the Arizona Commerce Authority (ACA) by introducing new requirements and modifying existing language. Specifically, it would require the ACA to establish and supervise the operation of offices in other states and foreign countries, but only subject to legislative appropriation for that specific purpose, replacing the previous directive that allowed such actions "at the direction of the board."

Additionally, the bill mandates that the ACA submit an annual report by December 1 on the activities of each trade office it operates during the prior fiscal year to the Joint Legislative Budget Committee. This new reporting requirement aims to enhance transparency and accountability regarding the ACA's operations and their impact on the state's economy. Overall, these changes are intended to better align the ACA's activities with legislative oversight and budgetary constraints.

Statutes affected:
Introduced Version: 41-1504
House Engrossed Version: 41-1504