The proposed bill would amend current statutes regarding the Arizona Commerce Authority (ACA) by changing the oversight of trade offices from being directed by the ACA Board of Directors to being subject to legislative appropriations. Specifically, it would insert language stating that the establishment and supervision of trade offices must be based on legislative funding rather than solely on the ACA Board's direction. Additionally, the bill would require the ACA to submit an annual report to the Joint Legislative Budget Committee detailing the activities of each trade office operated by the ACA during the previous fiscal year.

Current law allows the ACA Board to direct the establishment of trade offices, but the bill would delete this provision and replace it with the requirement for legislative appropriation. The bill also includes a technical change to ensure clarity in the reporting process, mandating that the ACA provide a report on trade office activities by December 1 each year. Overall, these updates aim to enhance legislative oversight and accountability regarding the ACA's international trade efforts.

Statutes affected:
Introduced Version: 41-1504
House Engrossed Version: 41-1504