HB2417 proposes to extend the life of the Arizona Commerce Authority (ACA) until July 1, 2028, with a repeal set for January 1, 2029. The bill includes a legislative intent clause that emphasizes the ACA's role in facilitating economic growth and development in Arizona. The provisions of the bill would apply retroactively from July 1, 2024.

The bill would repeal section 41-3024.31 of the Arizona Revised Statutes and add section 41-3028.04, which outlines the termination and repeal dates for the ACA and associated statutes. This act represents a continuation of the ACA beyond its current expiration date of July 1, 2024, and sets a new sunset date for the agency.

Statutes affected:
Introduced Version: 41-3024.31, 41-3028.04
House Engrossed Version: 41-3024.31, 41-3028.04