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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
House: IT DP 9-0-0-1 | Third Read 56-0-4-0Senate: ATT DP 6-3-1-0 | Third Read 27-0-3-0 Final Read: 44-11-5-0 Chapter: 110 |
HB 2752: commerce authority; trade offices
Sponsor: Representative Rivero, LD 27
Signed by the Governor
Overview
Allows the Senate President and the Speaker of the House of Representatives to appoint a designee as an ex officio member to the Arizona Commerce Authority's (ACA) Board of Directors (Board). Transfers the responsibility of establishing and supervising trade offices, from the Board to legislative appropriation. Mandates that the ACA must submit a report to the Joint Legislative Budget Committee (JLBC) on the activities of each trade office operated by the ACA the prior fiscal year by December 1 annually.
History
The ACA's mission is to provide private sector leadership in growing and diversifying the economy of this state, creating high quality employment in this state through expansion, attraction and retention of businesses and marketing this state for the purpose of expansion, attraction and retention of businesses.
The ACA is currently governed by a Board consisting of 29 members, including: 1) the Governor, who serves as chairperson; 2) the Chief Executive Officer (Officer); 3) 17 private sector business leaders; 4) the President of the Senate; and 5) the Speaker of the House of Representatives (A.R.S. § 41-1502).
The Board, on behalf of the ACA, may: 1) adopt and use a corporate seal; 2) sue and be sued; 3) enter into contracts as necessary to carry out prescribed purposes and requirements, including intergovernmental agreements and interagency service agreements; and 4) lease real property and improvements to real property for the purposes of the ACA (A.R.S. § 41-1504).
Provisions
1. Allows the Senate President and the Speaker of the House of Representatives to appoint a designee as an ex officio member to the Board. (Sec. 1)
2. Changes the responsibility of establishing and supervising trade offices, from the Board to legislative appropriation, for that specific purpose. (Sec. 2)
3. Requires any legislative appropriation for ACA trade offices to be based on objective research prepared by the ACA. (Sec. 2)
4. Requires the ACA, by December 1 annually, to submit a report to JLBC on the activities of each trade office operated by the ACA the prior fiscal year. (Sec. 2)
5. Adds to the report for JLBC objective research that identifies potential offices, if any, in other states and foreign countries for the purpose of expanding direct investment and export trade opportunities for businesses and industries. (Sec. 2)
6. Makes technical changes. (Sec. 1-2)
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10. Initials LM/IC HB 2752
11. 4/10/2026 Page 0 Signed by the Governor
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