university presidents; ABOR; maximum compensation

SB 1453 limits compensation for university presidents at Arizona's public universities. It sets a $500,000 annual salary cap and restricts total non-salary bonuses, incentives, or other compensation to 15% of the base salary. Compensation must be tied to performance that directly benefits students, staff, or faculty, not just routine duties. The bill affects only university presidents, not other staff or students, and establishes clear, enforceable financial limits on executive pay.