The proposed bill, if enacted, would introduce several new funds and amend existing statutes related to transportation in Arizona. Specifically, it would establish the Statewide Transportation Innovation Fund, the Statewide Infrastructure Trust Fund, and the Advanced Air Mobility Fund, all of which would be administered by the State Treasurer. These funds would be subject to legislative appropriation and exempt from lapsing provisions, allowing for the investment and management of their respective resources. The funds would be utilized for various transportation projects, including grants for innovation programs, purchasing advanced air mobility vehicles, and funding construction phases of transportation projects.

Additionally, the bill would remove the Department of Child Safety from the list of agencies excluded from participation in the State Motor Vehicle Fleet, thereby allowing it to engage in transportation-related activities. The bill also includes provisions for the administration of the funds, requirements for grant applicants, and mandates for reporting and public meetings regarding grant applications. Overall, the bill aims to enhance transportation infrastructure and innovation in Arizona through the establishment of these new financial mechanisms and regulatory frameworks.

Statutes affected:
Introduced Version: 28-472, 28-7011, 28-8604, 35-146, 35-147, 28-475, 28-476, 35-190, 35-313