Bill Text: AZ HB2309 | 2012 | Fiftieth Legislature 2nd Regular | Introduced

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Bill Title: Arizona commerce authority; CEO

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-18 - Referred to House APPROP Committee [HB2309 Detail]

Download: Arizona-2012-HB2309-Introduced.html

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REFERENCE TITLE: Arizona commerce authority; CEO

 

 

 

State of Arizona

House of Representatives

Fiftieth Legislature

Second Regular Session

2012

 

 

HB 2309

 

Introduced by

Representative Patterson

 

 

AN ACT

 

amending section 41‑1503, Arizona Revised Statutes; relating to the arizona commerce authority.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 41-1503, Arizona Revised Statutes, is amended to read:

START_STATUTE41-1503.  Chief executive officer

A.  The board of directors shall employ a chief executive officer and prescribe the terms and conditions of the chief executive officer's employment.  The chief executive officer serves at the pleasure of the board under the terms of a performance based contract.  Pursuant to the terms of such a contract, the compensation of the chief executive officer may not exceed twice the compensation of the governor that is prescribed by law.

B.  The chief executive officer is responsible for managing, administering and supervising the activities of the authority.

C.  The chief executive officer shall negotiate, make, execute, acknowledge and perform contracts and other agreements in the interest of the authority or to carry out or accomplish the purposes of this chapter. END_STATUTE