REFERENCE TITLE: Arizona commerce authority; continuation

State of Arizona

House of Representatives

Fifty-sixth Legislature

Second Regular Session

2024

HB 2417

Introduced by

Representative Livingston

An Act

repealing section 41-3024.31, Arizona Revised Statutes; amending title 41, chapter 27, article 2, Arizona Revised Statutes, by adding section 41-3028.04; relating to the Arizona commerce authority.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Repeal

Section 41-3024.31, Arizona Revised Statutes, is repealed.

Sec. 2. Title 41, chapter 27, article 2, Arizona Revised Statutes, is amended by adding section 41-3028.04, to read:

START_STATUTE41-3028.04. Arizona commerce authority; termination July 1, 2028

A. THE ARIZONA COMMERCE AUTHORITY TERMINATES ON JULY 1, 2028.

B. TITLE 41, CHAPTER 10 AND THIS SECTION ARE REPEALED ON JANUARY 1, 2029. END_STATUTE

Sec. 3. Purpose

Pursuant to section 41-2955, subsection B, Arizona Revised Statutes, the legislature continues the Arizona commerce authority to facilitate the beneficial economic growth and development of this state and to promote prosperity through the development and protection of the legitimate interests of Arizona business, industry and commerce within and outside this state.

Sec. 4. Retroactivity

      Sections 1 and 2 of this act apply retroactively to from and after July 1, 2024.