The proposed bill would amend current statutes regarding the Arizona Commerce Authority (ACA) by shifting the responsibility for establishing and supervising trade offices from the ACA Board of Directors to legislative appropriations. Specifically, it would insert language stating that the establishment and supervision of these trade offices is subject to legislative appropriation, rather than solely at the direction of the ACA Board. Additionally, any legislative appropriation would need to be based on objective research prepared by the ACA.

Furthermore, the bill mandates that the ACA submit an annual report to the Joint Legislative Budget Committee detailing the activities of each trade office and the objective research identifying potential trade offices. It also allows the Senate President and the Speaker of the House to designate individuals to serve in their place on the ACA Board, while making various technical changes to the existing statutes. Overall, these updates aim to enhance legislative oversight and accountability regarding the ACA's trade office operations.

Statutes affected:
Introduced Version: 41-1504
House Engrossed Version: 41-1504
Senate Engrossed Version: 41-1502, 41-1504, 41-5401, 41-1505, 41-1750, 92-544, 38-431.01, 38-431.03
Chaptered Version: 41-1502, 41-1504, 41-5401, 41-1505, 41-1750, 92-544, 38-431.01, 38-431.03