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, with the State Treasurer responsible for investing the funds and crediting any earnings back to them. The funds would be utilized for various transportation projects, including grants for innovation programs, construction of transportation infrastructure, and the purchase of advanced air mobility vehicles.

Additionally, the bill would amend current statutes by removing the Department of Child Safety from the list of agencies excluded from participation in the State Motor Vehicle Fleet. It would also clarify the requirements for grant applicants under the Statewide Transportation Innovation Program, including the need to provide specific information in their applications and the stipulation that all application information remains confidential during public meetings held for legislative recommendations. Overall, the bill aims to enhance transportation funding and innovation in Arizona while streamlining administrative processes.

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