Arizona Revised Statutes § 41-1545.04 Report On Use Of Monies In The Arizona Competes Fund

41-1545.04. Report on use of monies in the Arizona competes fund

A. On or before November 1 of each year, the authority shall submit to the president of the senate, the speaker of the house of representatives and the joint legislative budget committee a report on grants made from the Arizona competes fund under this article in the preceding fiscal year and all projects currently being funded from the Arizona competes fund. The authority shall provide a copy of the report to the secretary of state. The report shall include:

1. The number of direct jobs each recipient committed to create in this state.

2. The number of direct jobs each recipient actually created in this state.

3. The median wage of the jobs each recipient created in this state.

4. The amount of capital investment each recipient committed to spend or allocate per project in this state.

5. The amount of capital investment each recipient actually spent or allocated per project in this state.

6. The total amount of grants made to each recipient.

7. The average amount of money granted from the Arizona competes fund for each job created in this state by grant recipients.

8. The number of jobs created in this state by grant recipients in each sector of the North American industry classification system.

9. Of the number of direct jobs each recipient created in this state, the number of positions created that provide health benefits for employees.

B. The report shall not include information that is made confidential by law.

C. The authority may require grant recipients to submit information in a form required to complete the report.

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Last modified: October 13, 2016