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AZ HB2681
Bill
Status
6/14/2024
Primary Sponsor
John Gillette
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AI Summary
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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.
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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.
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Exempts monies deposited in the technology fund from the department's standard revenue calculations used to adjust license fees annually.
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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.
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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