AZ HB2323

Amends Arizona Revised Statutes sections relating to industrial development authorities and research parks to update terminology and clarify definitions.

Changes references from "designated area" to "defined area" for research parks and updates related statutory cross-references in sections 15-1636, 35-701, 35-706, and 35-708.

Removes obsolete "designated area" definition from section 35-701 that referenced federal housing designations and renumbers remaining definitions accordingly.

Updates section 35-706 to require industrial development authorities to notify governing bodies within 30 days of any lawsuit or SEC investigation related to bond issuance.

Makes technical corrections throughout the statutes, including grammatical updates (changing "which" to "that," "upon" to "on," and "per cent" to "percent") without substantive policy changes.