The proposed bill would amend several sections of the Arizona Revised Statutes related to the Arizona Commerce Authority (ACA). It would expand the ACA's Board of Directors to include the Chairpersons of the Senate Finance Committee and the House of Representatives International Trade Committee as ex officio members without voting power. Additionally, the responsibility for establishing and supervising trade offices would shift from the Board to legislative appropriation, and the ACA would be required to submit an annual report to the Joint Legislative Budget Committee detailing the activities of each trade office.

Furthermore, the bill would subject the use of Fund monies by the ACA to legislative appropriations, ensuring that these funds are used exclusively for designated purposes. It would also continue the Arizona Competes Program indefinitely by repealing its scheduled termination date of July 1, 2026, and make the repeal retroactive to that date. The bill includes technical and conforming changes to existing statutes, ensuring clarity and consistency in the law.

Statutes affected:
Introduced Version: 41-1502, 41-1504, 41-5401, 41-1505, 41-1750, 92-544, 38-431.01, 38-431.03, 35-148, 35-146, 35-147, 35-190, 41-1545.01, 41-725, 41-1527, 23-214, 35-321, 41-712, 28-472, 44-401, 43-409, 111-5, 35-313, 41-1545.05