commerce authority; board of directors

HB 2754 establishes the Arizona Commerce Authority to grow the state economy by attracting, expanding, and retaining businesses. It creates a 20-member board of directors, including the governor (as chair), the chief executive officer, and 17 private-sector business leaders appointed with geographic diversity requirements (9 by the governor, 4 by the Senate president, 4 by the House speaker). The board includes non-voting ex-officio members from state leadership roles and technical advisors from agencies like environmental quality and transportation. The bill also sets rules for public meetings, record-keeping, and annual audits of the authority's finances.