AZ HB2202

Amends section 41-1682 of Arizona Revised Statutes to regulate private prisons operating in the state.

Private prisons must maintain $10 million in financial responsibility through one of four methods: cash deposit in an escapee fund, approved insurance policy, surety bond, or certified financial statement showing net worth over $15 million (updated every 90 days).

Security officers employed by private prisons must be at least 21 years old with no felony convictions.

Beginning on the effective date of the amendment, private prisons are prohibited from housing more prisoners than the number housed on that date and cannot build, purchase, or expand any private prison facility in the state.

Maintains that private prisons may continue to maintain existing facility operations.