AZ HB2735

Restricts the Arizona Board of Regents' authority to approve academic degrees or organizational units to university presidents only, preventing further delegation by presidents.

Requires university presidents and the Board of Regents to consult with faculty representatives regarding academic governance and university policy development, rather than sharing responsibility with faculty.

Requires each university to provide the Board of Regents with access to the university's accounting and reporting system for oversight and monitoring purposes as part of the uniform accounting system.

Defines "organizational unit" as a department, center, institute, college or other academic unit of a university for purposes of the approval requirements.