AZ SB1516

Requires legislators to file daily reports of all expenditures received from registered lobbyists valued over $10, with specific itemized descriptions rather than categorical summaries, effective December 31, 2012.

Changes lobbyist expenditure reporting from quarterly to daily filings for benefits provided to legislators, with detailed descriptions of each item rather than category-based reporting.

Limits gifts to legislators from lobbyists and public bodies to a maximum value of $10 per calendar year and prohibits gifts designed to influence official conduct.

Establishes the Secretary of State's authority to impose civil penalties of $50 per day for late filings (7+ days overdue) and to suspend lobbyist registrations for non-payment of penalties.

Creates a Lobbying and Financial Disclosure Study Committee to review and recommend improvements to disclosure requirements and reporting procedures, with a final report due December 31, 2013.