This bill proposes to amend the Arizona Revised Statutes by adding a new Article 27 under Title 44, Chapter 9, which focuses on price regulation during a state of emergency. The new language defines "commodity" broadly to include goods, services, materials, and other commerce-related items essential for life, health, or safety. It establishes that during a state of emergency, it is unlawful to sell these commodities at prices excessively higher than those charged thirty days prior to the emergency declaration, specifically when prices exceed ten percent of the highest price charged in that period.

Additionally, the bill introduces penalties for violations of this price regulation. A person who knowingly and willfully sells commodities at excessively high prices, receiving at least $500 in a twenty-four-hour period, would be guilty of a class 5 felony. If the total value is not more than $500, the offense would be classified as a class 6 felony. Furthermore, any violation of this article would be considered an unlawful practice, allowing the attorney general to investigate and take action as outlined in existing statutes.