If enacted, this bill would amend current statutes related to the Arizona Commerce Authority (ACA) by introducing new reporting requirements and altering the operational oversight of trade offices. Specifically, it would require the ACA to submit an annual report by December 1 detailing the activities of each trade office operated by the ACA during the previous fiscal year. This new requirement is aimed at enhancing transparency and accountability regarding the ACA's trade initiatives.

Additionally, the bill modifies the existing language governing the establishment and supervision of trade offices. It removes the phrase "At the direction of the board" and replaces it with "Subject to legislative appropriation for that specific purpose," thereby ensuring that the ACA's operations are contingent upon legislative funding. This change emphasizes the need for legislative approval before the ACA can establish or supervise trade offices in other states and foreign countries, aligning the ACA's activities more closely with state budgetary constraints.

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