Assigned to FIN                                                                                                  AS PASSED BY COMMITTEE

 


 

 

 


ARIZONA STATE SENATE

Fifty-Seventh Legislature, Second Regular Session

 

AMENDED

FACT SHEET FOR S.B. 1429

 

board of directors; commerce authority

Purpose

Allows the President of the Senate (Senate President) and the Speaker of the House of Representatives (House Speaker) to designate individuals to serve in their place on the ACA Board of Directors (ACA Board).

Background

In 2011, the Legislature established the ACA to provide private sector leadership in growing and diversifying the economy of Arizona, creating high quality employment in Arizona through expansion, attraction and retention of businesses and marketing Arizona for the purpose of expansion, attraction and retention of businesses.

The ACA is governed by the ACA Board which consists of 19 voting members, including the Governor, serving as Chairperson, the Chief Executive Officer (CEO) of the ACA and 17 private sector business leaders who are CEOs of private, for-profit enterprises. Of the 17 private sector voting members, 9 are appointed by the Governor, 4 are appointed by the Senate President and 4 are appointed by the House Speaker. The ACA Board also includes 10 ex-officio members without the power to vote, including: 1) the Senate President; 2) the House Speaker; 3) the Arizona Board of Regents President; 4) the president of each state university; 5) one president of a community college; 6) the Chairperson of the Governor's Council on Small Business; 7) the Chairperson of the Workforce Arizona Council; 8) one member of the Rural Business Development Advisory Council; 9) the president of a statewide organization of incorporated cities and towns; and 10) the president of a statewide organization of county boards of supervisors (A.R.S. § 41-1502).

There is no anticipated fiscal impact to the state General Fund associated with this legislation.

Provisions

1.   Allows the Senate President and the House Speaker to designate individuals to serve in their place on the ACA Board.

2.   Makes technical and conforming changes.

3.   Becomes effective on the general effective date.


 

Amendments Adopted by Committee

· Removes from the ACA Board's ex-officio, non-voting membership:

o the Chairperson of the Senate Finance Committee, or its successor committee; or the Chairperson's designee; and

o the Chairperson of the House of Representatives International Trade Committee, or its successor committee, or the Chairperson's designee.

Senate Action

FIN                 2/9/26        DPA    5-0-2

Prepared by Senate Research

February 10, 2026

MG/SJ/hk