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AZ HB2681

Bill

Status

Introduced

6/14/2024

Primary Sponsor

John Gillette

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Establishes a new real estate information technology fund to be used for technological upgrades, software updates, equipment purchases, and vendor contracts for the Department of Real Estate.

  • Directs the department to deposit specified portions of real estate license fees into the technology fund: $25 from each broker and salesperson license fee and renewal fee through fiscal year 2027-2028, then reduced to $15 per fee beginning fiscal year 2028-2029.

  • Exempts monies deposited in the technology fund from the department's standard revenue calculations used to adjust license fees annually.

  • Specifies that technology fund monies are continuously appropriated and exempt from budget lapsing requirements, but prohibits use of fund monies to pay department staff salaries.

  • Makes technical corrections to existing Arizona Revised Statutes sections 32-2103 and 32-2107 regarding grammar and terminology.

Legislative Description

Real estate information technology; fund

Real Estate

Last Action

Assigned to House RULES Committee

6/14/2024

Committee Referrals

Rules6/14/2024

Full Bill Text

No bill text available