AZ HB2434

Amends Arizona Revised Statutes Section 49-1204 to modify the audit and reporting requirements for the Water Infrastructure Finance Authority of Arizona.

Changes the deadline for the auditor general to review filed audits from 20 days to 30 days; audits are deemed sufficient if no official action is taken within this extended timeframe.

Moves the annual report deadline from January 1 to January 31 each year, requiring the board to submit activities reports including annual audits to the governor, senate president, and house speaker.

Maintains existing requirements that the board commission audits from certified public accountants within 120 days of fiscal year end and pay all associated fees and costs.