AZ SB1684

Appropriates $3,000,000 from the state general fund to Arizona State University in fiscal year 2024-2025 for the interplanetary initiative.

Funds may be used for interdisciplinary research in space exploration, technological advancement, and developing space-related industry in Arizona.

Supports public-private partnerships, business development for emerging space companies, workforce development, and access to university facilities and equipment.

Requires Arizona State University to submit a report by December 31, 2027 detailing research projects, economic impact, companies supported, jobs created, and investment data.

Exempts the appropriation from lapsing provisions, but requires unexpended monies to revert to the general fund on July 1, 2027.