The proposed bill, if enacted, 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 and ranking minority party members 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 impose legislative appropriations on the ACA's use of Fund monies, extending the Arizona Competes Program's termination date from July 1, 2026, to July 1, 2030, and making this extension retroactive to June 30, 2026. The bill also includes technical and conforming changes to ensure consistency with the new provisions. Overall, these updates aim to enhance oversight and accountability within the ACA while continuing to support economic development initiatives in Arizona.

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