Assigned to ATT                                                                                                                     FOR COMMITTEE

 

 

 

 


ARIZONA STATE SENATE

Fifty-Seventh Legislature, Second Regular Session

 

FACT SHEET FOR H.B. 2752

 

commerce authority; trade offices

Purpose

Specifies that the requirement for the Arizona Commerce Authority (ACA) to establish and supervise trade offices is subject to legislative appropriation, rather than the direction of the ACA Board of Directors (ACA Board).

Background

The ACA mission is to provide private sector leadership in growing and diversifying the economy of Arizona, creating high quality employment 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 consisting of 29 members, including: 1) the Governor, who serves as the chairperson; 2) the Chief Executive 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).

At the direction of the ACA Board, the ACA must establish and supervise the operations of full-time or part-time offices in other states and foreign countries to expand direct investment and export trade opportunities for businesses and industries in Arizona if the ACA determines the effort would be beneficial to the economy (A.R.S. § 41-1504).

Currently, the ACA has seven trade offices in foreign countries, including: 1) Canada;
2) Mexico; 3) Israel; 4) Germany; 5) Taiwan; 6) South Korea; and 7) Japan (ACA).

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

Provisions

1.   Subjects the establishment and supervision of trade offices to legislative appropriations, rather than the ACA Board of Director's direction.

2.   Requires the ACA, by December 1 of each year, to submit a report to the Joint Legislative Budget Committee on the activities of each trade office operated by the ACA during the prior fiscal year.

3.   Makes technical changes.

4.   Becomes effective on the general effective date.

House Action

IT                    2/11/26      DP       9-0-0-1

3rd Read          2/23/26                  56-0-4

Prepared by Senate Research

March 13, 2026

LMM/ci