AZ SB1068

Requires the Arizona legislature and governor to pass a joint resolution giving express affirmative consent before the federal government can acquire privately owned real property within Arizona that would remove it from state, county, and municipal property tax rolls.

Mandates that escrow agents and private property owners notify the Speaker of the House and President of the Senate when selling or transferring property to the federal government, and submit a written request for approval under the U.S. Constitution's Property Clause.

Grants Arizona a right of first refusal to purchase private real property that the federal government is attempting to acquire through sale, gift, grant, or other transfer of ownership interest.

Requires state agencies to immediately notify the legislature if they learn of efforts by the U.S. Department of the Interior to place Arizona private property in trust for an Indian tribe as part of a land claim settlement, allowing the legislature to comment, file appeals, or pursue legal action.

Exempts trustee's deeds and mortgages insured or held by the U.S. Department of Housing and Urban Development, Department of Veterans Affairs, or Federal Housing Administration from these requirements.