HB2950 Summary

• Amends Arizona Revised Statutes section 41-1504 regarding the Arizona Commerce Authority's powers and duties.

• Requires the authority to submit annual reports to the joint legislative budget committee on activities of trade offices operated in other states and foreign countries, effective December 1 each year.

• Changes authorization for establishing trade offices from "at the direction of the board" to "subject to legislative appropriation for that specific purpose," requiring specific funding approval.

• Maintains existing E-Verify program participation requirement for employers applying for any grant, loan, tax incentive, or other economic development incentive administered by the authority.