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House Engrossed |
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State of Arizona House of Representatives Fifty-third Legislature Second Regular Session 2018
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CHAPTER 208
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HOUSE BILL 2602 |
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AN ACT
amending Title 9, chapter 4, article 8, Arizona Revised Statutes, by adding section 9-500.42; amending Title 11, chapter 2, article 4, Arizona Revised Statutes, by adding section 11-269.22; relating to the prohibition of local regulation.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 9, chapter 4, article 8, Arizona Revised Statutes, is amended by adding section 9-500.42, to read:
9-500.42. Prohibition on regulation of running node on blockchain technology; state preemption; definition
A. A city or town may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.
B. The regulation of the act of running a node on blockchain technology in a residence is of statewide concern and not subject to further regulation by a city or town.
C. For the purposes of this section, "running a node on blockchain technology" means providing computing power to validate or encrypt transactions in blockchain technology as defined in section 44-7061.
Sec. 2. Title 11, chapter 2, article 4, Arizona Revised Statutes, is amended by adding section 11-269.22, to read:
11-269.22. Prohibition on regulation of running node on blockchain technology; state preemption; definition
A. A county may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.
B. The regulation of the act of running a node on blockchain technology in a residence is of statewide concern and not subject to further regulation by a county.
C. For the purposes of this section, "running a node on blockchain technology" means providing computing power to validate or encrypt transactions in blockchain technology as defined in section 44-7061.
APPROVED BY THE GOVERNOR APRIL 12, 2018.
FILED IN THE OFFICE OF THE SECRETARY OF STATE APRIL 13, 2018.