SB 1429
board of directors; commerce authority.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill amends the Arizona Commerce Authority’s structure and operations. It establishes a board of directors composed of the governor, a CEO, and seventeen private sector business leaders appointed from across the state. The bill also designates technical advisors from various state agencies to assist the board in promoting economic development and outlines procedures for board meetings, record-keeping, and audits. Finally, it clarifies the authority’s operational year and requires annual audits of its finances.
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