AZ HB2053

Amends Arizona Revised Statutes section 41-1554.12 regarding the Greater Arizona Development Authority's annual audit and reporting requirements.

Changes language in subsection B from "title 41, chapter 7, article 10.1" to "title 41, chapter 7, article 10.1 of this title" to clarify the statutory reference.

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

Allows the auditor general to conduct additional audits and examinations as necessary, with audits deemed sufficient if no official action is taken within 20 days of filing.

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