If enacted, this bill would update current statutes regarding the Arizona Commerce Authority (ACA) by modifying the process for establishing trade offices and introducing new reporting requirements. Currently, the ACA can establish and supervise operations of trade offices "at the direction of the board." The bill would change this to require that such operations be "subject to legislative appropriation for that specific purpose," thereby ensuring that funding is allocated before any new offices are established.

Additionally, the bill mandates that the ACA submit an annual report to the Joint Legislative Budget Committee detailing the activities of each trade office operated by the ACA during the prior fiscal year, with the deadline set for December 1 of each year. This new reporting requirement aims to enhance transparency and accountability regarding the ACA's trade activities.

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