The proposed bill would amend section 41-1504 of the Arizona Revised Statutes by updating the language regarding the Arizona Commerce Authority's board. Specifically, it would remove references to the "board of directors" and replace them with simply "the board." Additionally, the bill introduces a requirement for the authority to submit an annual report to the joint legislative budget committee detailing the activities of each trade office operated by the authority during the previous fiscal year, contingent upon legislative appropriation for establishing and supervising these offices.

Furthermore, the bill modifies the existing requirement for the authority to post an annual report on its website by removing the need to submit a copy to the governor, the president of the senate, and the speaker of the house of representatives. Overall, these changes aim to streamline the authority's reporting obligations and clarify its operational framework.

Statutes affected:
Introduced Version: 41-1504