The proposed bill would update current statutes by mandating the Arizona Commerce Authority (ACA) to prioritize motor fuel and gasoline resilience as a key objective. It introduces a new Fuel Resiliency Task Force within the ACA, comprising stakeholders from the Governor's Office, the oil and gas industry, and other relevant organizations. The Task Force is required to meet quarterly, study issues related to fuel resilience, and develop recommendations for the ACA. Additionally, the ACA's deadline for submitting a report on its findings and recommendations is extended from September 30, 2028, to September 30, 2029, and the Task Force is set to be repealed on January 1, 2031.

Furthermore, the bill expands the list of recognized entities in the oil and gas industry by including several new associations, such as the New Mexico Oil and Gas Association and the American Fuel and Petrochemical Manufacturers. It also extends the Task Force's repeal date from January 1, 2029, to January 1, 2031. The bill does not include any deletions from current law, thereby modernizing the statute by recognizing additional stakeholders and extending the operational timeline of the Task Force. Overall, the bill aims to enhance the state's fuel resilience and provide a structured approach to addressing related challenges.