AZ HB2610

Establishes a state-owned Bank of Arizona to be operated, managed and controlled by a Bank of Arizona Commission, with oversight from a nine-member Advisory Board of Directors appointed by the State Treasurer.

Authorizes the Bank of Arizona to engage in all lawful banking activities including loans, deposits, and financial services, with eligible recipients including municipalities, nonprofits, small businesses, farms, cooperatives, and community development entities.

Requires the Bank of Arizona to prioritize lending to underserved communities, women-owned enterprises, rural businesses, affordable housing, sustainable agriculture, climate change mitigation, and entities demonstrating equitable pay practices.

Mandates annual public examinations of the Bank after the first year of operation and requires the Chief Executive Officer to develop and update a business plan every four years, with quarterly public board meetings subject to open meeting and public records laws.

Terminates the Bank of Arizona Commission and Advisory Board on July 1, 2033, with Chapter 18 of Title 6 repealed on January 1, 2034, establishing a ten-year sunset provision for the state banking system.