If this bill were to become law, it would amend current statutes regarding the Arizona Commerce Authority (ACA) by allowing the President of the Senate and the Speaker of the House of Representatives to designate individuals to serve in their place on the ACA Board of Directors. Specifically, the language would be updated to include the phrase "or the president's designee" and "or the speaker's designee" after the current references to the President of the Senate and the Speaker of the House, respectively.

Additionally, the bill would remove the phrase "of directors" from the reference to the ACA Board, streamlining the language. The overall structure of the ACA Board and its governance would remain unchanged, but these updates would provide greater flexibility in representation on the board. The bill also includes technical and conforming changes, ensuring that the updated language aligns with existing statutes.

Statutes affected:
Introduced Version: 41-1502
Senate Engrossed Version: 41-1502