AZ HB2096

Amends Section 41-1554.12 of Arizona Revised Statutes regarding annual audit and reporting requirements for the Arizona Development Authority fund.

Requires the board to commission an annual audit by a certified public accountant within 150 days after the close of the fiscal year and immediately file a certified copy with the auditor general.

Clarifies that the auditor general may conduct further audits and examinations pursuant to Title 41, Chapter 7, Article 10.1 of Arizona Revised Statutes, with audits deemed sufficient if no official action is taken within 20 days.

Requires the board to pay all fees and costs of the certified public accountant and auditor general from fund earnings.

Mandates the board submit an annual report of its activities, including a copy of the annual audit, to the governor, senate president, and house speaker by January 1 of each year.