appropriations; applied research centers; technology

HB 2383 allocates $8 million from Arizona’s state general fund for fiscal year 2025-2026 to support applied research centers specializing in specific technology fields. It directs $3 million for medical technology centers, $2 million for clean energy/water sustainability tech, $2 million for semiconductors, and $1 million for other beneficial technologies, with centers required to match funds from non-state sources. Centers must collaborate with universities and businesses, report annual expenditures to the legislature, and use funds for workforce training in relevant fields. The funding is exempt from standard budget lapsing rules but requires unspent funds to revert to the state by June 2027.