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 and managing the funds. The bill outlines specific uses for each fund, including grants for transportation innovation programs, funding for transportation project development, and purchasing 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 and would require the State Treasurer to report on grant applications and hold public meetings regarding the transportation innovation program. The bill also clarifies the definitions and requirements for grant applicants, ensuring that the funds are utilized effectively for transportation projects that benefit the state. Overall, the bill aims to enhance transportation infrastructure and innovation through structured funding and oversight.

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