Arizona 2024 Regular Session

Arizona House Bill HB2386 Compare Versions

Only one version of the bill is available at this time.

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1	1	REFERENCE TITLE: Frankfurt, Germany trade office; repeal. State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024 HB 2386 Introduced by Representatives Kolodin: Chaplik, Gillette, Jones, Parker B An Act amending Laws 2023, chapter 133, section 19; appropriating monies; relating to the frankfurt, germany trade office. (TEXT OF BILL BEGINS ON NEXT PAGE)
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9	9	REFERENCE TITLE: Frankfurt, Germany trade office; repeal.
10	10	State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
11	11	HB 2386
12	12	Introduced by Representatives Kolodin: Chaplik, Gillette, Jones, Parker B
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14	14	REFERENCE TITLE: Frankfurt, Germany trade office; repeal.
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40	40	HB 2386
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44	44	Introduced by
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46	46	Representatives Kolodin: Chaplik, Gillette, Jones, Parker B
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64	64	An Act
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68	68	amending Laws 2023, chapter 133, section 19; appropriating monies; relating to the frankfurt, germany trade office.
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74	74	(TEXT OF BILL BEGINS ON NEXT PAGE)
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78	78	Be it enacted by the Legislature of the State of Arizona: Section 1. Laws 2023, chapter 133, section 19 is amended to read: Sec. 19. ARIZONA COMMERCE AUTHORITY 2023-24 Operating lump sum appropriation $ 13,500,000 Arizona competes fund deposit 500,000 Asia trade offices 750,000 Asia-Pacific trade office 750,000* Canada trade office 750,000* Economic development marketing and attraction 1,000,000 Economic transition resources 9,000,000 Frankfurt, Germany trade office 500,000 Israel trade office 300,000 Mexico trade offices 500,000 Rural broadband accelerated match fund deposit 23,600,000 Trade office funding 2,000,000 Water infrastructure and commerce grant fund deposit 7,000,000 Wearable technology research 2,500,000 Total appropriation Arizona commerce authority $ 62,650,000 $ 62,150,000 Fund sources: State general fund $ 62,650,000 $ 62,150,000 Pursuant to section 43-409, Arizona Revised Statutes, of the amounts listed above, $10,500,000 of the state general fund withholding tax revenues is allocated in fiscal year 2023-2024 to the Arizona commerce authority, of which $10,000,000 is credited to the Arizona commerce authority fund established by section 41-1506, Arizona Revised Statutes, and $500,000 is credited to the Arizona competes fund established by section 41-1545.01, Arizona Revised Statutes. Of the amount appropriated in the operating lump sum, $3,500,000 is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations, and is allocated as follows: 1. $1,000,000 to distribute to a federally recognized state rural development council in the national rural development partnership in this state to partner with businesses, community leaders, service organizations, economic development organizations and rural municipalities to work directly in rural communities across this state. 2. $500,000 to establish and administer a small business incubator program to assist current and former inmates who are participating in a state program in which the state department of corrections and the department of economic security collaborate and bring comprehensive services to inmates who are nearing release. On or before September 1, 2024, the authority shall submit a report to the directors of the joint legislative budget committee and the governor's office of strategic planning and budgeting on the program implementation, the number of participants, the industry of employment or entrepreneurship and program results, including the recidivism rates of program participants. 3. $500,000 to distribute to a nonpartisan public foundation in this state that is qualified under section 501(c)(3) of the internal revenue code and that is associated with a statewide business trade organization that is qualified under section 501(c)(6) of the internal revenue code and that represents multiple industries to develop a strategic framework for policymakers to continue job growth, economic diversification and private sector investments that will make this state a top state economy and international trading partner by 2030. 4. $500,000 to distribute to a membership organization in this state that is qualified under section 501(c)(6) of the internal revenue code and that serves as a resource hub for all small businesses in this state to establish a program to recruit and retain truck drivers. 5. $1,000,000 to the Arizona state trade expansion program. Monies in the economic transition resources line item shall be distributed to a nonprofit organization for capital projects, economic sustainability developments, renewable energy projects and broadband projects located within twenty miles of a coal mine that closed within the past five years. The authority shall use the monies in the rural broadband accelerated match fund deposit line item to provide funding for projects that will receive matching monies from federal programs related to broadband expansion. On or before December 1, 2023, the authority shall report to the president of the senate, the speaker of the house of representatives and the director of the joint legislative budget committee detailing the authority's implementation plan for the monies in the trade office funding line item, including proposed trade office locations. The authority shall distribute the monies in the wearable technology research line item to applied research centers located in this state that specialize in wearable technology, including hardware or software components, or both. Subject to available funding, the authority shall distribute monies appropriated in the wearable technology research line item to any applied research center in increments of up to $250,000 within thirty days after the applied research center notifies the authority in writing that the applied research center has received a matching amount from sources other than this state. An applied research center that receives a distribution pursuant to this section must collaborate with universities, nonprofit business associations, health science research centers, institutes or other technology businesses that do business in this state. On or before September 15, 2027, the applied research center or institute shall return to the authority all monies received by the applied research center or institute pursuant to this section that remain unexpended and unencumbered on September 1, 2027. The authority shall deposit the returned monies in the state general fund. The authority shall notify the president of the senate and the speaker of the house of representatives on or before July 1, 2024 and July 1, 2025 if the authority has not distributed any monies pursuant to this section. An applied research center or institute that receives monies pursuant to this section shall annually submit an expenditure and performance report to the authority. On or before February 1 of each year, the authority shall transmit the report to the joint legislative budget committee and the governor's office of strategic planning and budgeting. For the purposes of this distributing the monies in the wearable technology research line item pursuant to this section, the authority is exempt from the requirements of title 41, chapter 23, Arizona Revised Statutes. The appropriation made in the wearable technology research line item is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations, except that any monies that remain unexpended and unencumbered on June 30, 2027 revert to the state general fund. Sec. 2. Transfer of monies All monies remaining unexpended and unencumbered on the effective date of this act from the appropriation made by Laws 2023, chapter 133, section 19 relating to the Frankfurt, Germany trade office are transferred to the state general fund.
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80	80	Be it enacted by the Legislature of the State of Arizona:
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82	82	Section 1. Laws 2023, chapter 133, section 19 is amended to read:
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84	84	Sec. 19. ARIZONA COMMERCE AUTHORITY
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88	88	Operating lump sum appropriation $ 13,500,000
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90	90	Arizona competes fund deposit 500,000
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92	92	Asia trade offices 750,000
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94	94	Asia-Pacific trade office 750,000*
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96	96	Canada trade office 750,000*
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98	98	Economic development marketing
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100	100	and attraction 1,000,000
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102	102	Economic transition resources 9,000,000
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104	104	Frankfurt, Germany trade office 500,000
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106	106	Israel trade office 300,000
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108	108	Mexico trade offices 500,000
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110	110	Rural broadband accelerated match
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112	112	fund deposit 23,600,000
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114	114	Trade office funding 2,000,000
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116	116	Water infrastructure and commerce
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118	118	grant fund deposit 7,000,000
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120	120	Wearable technology research 2,500,000
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122	122	Total appropriation Arizona commerce
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124	124	authority $ 62,650,000 $ 62,150,000
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126	126	Fund sources:
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128	128	State general fund $ 62,650,000 $ 62,150,000
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130	130	Pursuant to section 43-409, Arizona Revised Statutes, of the amounts listed above, $10,500,000 of the state general fund withholding tax revenues is allocated in fiscal year 2023-2024 to the Arizona commerce authority, of which $10,000,000 is credited to the Arizona commerce authority fund established by section 41-1506, Arizona Revised Statutes, and $500,000 is credited to the Arizona competes fund established by section 41-1545.01, Arizona Revised Statutes.
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132	132	Of the amount appropriated in the operating lump sum, $3,500,000 is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations, and is allocated as follows:
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134	134	1. $1,000,000 to distribute to a federally recognized state rural development council in the national rural development partnership in this state to partner with businesses, community leaders, service organizations, economic development organizations and rural municipalities to work directly in rural communities across this state.
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136	136	2. $500,000 to establish and administer a small business incubator program to assist current and former inmates who are participating in a state program in which the state department of corrections and the department of economic security collaborate and bring comprehensive services to inmates who are nearing release. On or before September 1, 2024, the authority shall submit a report to the directors of the joint legislative budget committee and the governor's office of strategic planning and budgeting on the program implementation, the number of participants, the industry of employment or entrepreneurship and program results, including the recidivism rates of program participants.
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138	138	3. $500,000 to distribute to a nonpartisan public foundation in this state that is qualified under section 501(c)(3) of the internal revenue code and that is associated with a statewide business trade organization that is qualified under section 501(c)(6) of the internal revenue code and that represents multiple industries to develop a strategic framework for policymakers to continue job growth, economic diversification and private sector investments that will make this state a top state economy and international trading partner by 2030.
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140	140	4. $500,000 to distribute to a membership organization in this state that is qualified under section 501(c)(6) of the internal revenue code and that serves as a resource hub for all small businesses in this state to establish a program to recruit and retain truck drivers.
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142	142	5. $1,000,000 to the Arizona state trade expansion program.
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144	144	Monies in the economic transition resources line item shall be distributed to a nonprofit organization for capital projects, economic sustainability developments, renewable energy projects and broadband projects located within twenty miles of a coal mine that closed within the past five years.
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146	146	The authority shall use the monies in the rural broadband accelerated match fund deposit line item to provide funding for projects that will receive matching monies from federal programs related to broadband expansion.
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148	148	On or before December 1, 2023, the authority shall report to the president of the senate, the speaker of the house of representatives and the director of the joint legislative budget committee detailing the authority's implementation plan for the monies in the trade office funding line item, including proposed trade office locations.
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150	150	The authority shall distribute the monies in the wearable technology research line item to applied research centers located in this state that specialize in wearable technology, including hardware or software components, or both. Subject to available funding, the authority shall distribute monies appropriated in the wearable technology research line item to any applied research center in increments of up to $250,000 within thirty days after the applied research center notifies the authority in writing that the applied research center has received a matching amount from sources other than this state.
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152	152	An applied research center that receives a distribution pursuant to this section must collaborate with universities, nonprofit business associations, health science research centers, institutes or other technology businesses that do business in this state. On or before September 15, 2027, the applied research center or institute shall return to the authority all monies received by the applied research center or institute pursuant to this section that remain unexpended and unencumbered on September 1, 2027. The authority shall deposit the returned monies in the state general fund. The authority shall notify the president of the senate and the speaker of the house of representatives on or before July 1, 2024 and July 1, 2025 if the authority has not distributed any monies pursuant to this section.
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154	154	An applied research center or institute that receives monies pursuant to this section shall annually submit an expenditure and performance report to the authority. On or before February 1 of each year, the authority shall transmit the report to the joint legislative budget committee and the governor's office of strategic planning and budgeting.
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156	156	For the purposes of this distributing the monies in the wearable technology research line item pursuant to this section, the authority is exempt from the requirements of title 41, chapter 23, Arizona Revised Statutes.
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158	158	The appropriation made in the wearable technology research line item is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations, except that any monies that remain unexpended and unencumbered on June 30, 2027 revert to the state general fund.
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160	160	Sec. 2. Transfer of monies
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162	162	All monies remaining unexpended and unencumbered on the effective date of this act from the appropriation made by Laws 2023, chapter 133, section 19 relating to the Frankfurt, Germany trade office are transferred to the state general fund.