SB 1850 Arizona Senate · 57th Legislature - Second Regular Session

commerce; 2026-2027.

This bill amends Arizona state statutes to clarify how lottery funds are distributed and to update regulations regarding insurance company examinations. It establishes a specific order for spending lottery revenue, prioritizing debt service payments before allocating fixed amounts to various programs such as child safety, health education, and homeless shelters. Additionally, the legislation modifies the rules for how the state director of finance inspects insurance companies, allowing them to accept reports from other states instead of conducting full reviews in certain cases. The changes also set specific dollar thresholds that must be met before certain funds can be deposited, ensuring that general state funding needs are addressed first.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2026
Committee Review
Floor Vote
Governor
Introduced Jun 9, 2026 Last action Jun 11, 2026
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What changed between versions

Introduced Version Senate Engrossed Version · 5 edits
MODERATE
This bill updates Arizona's lottery fund distribution rules and establishes a new Office of Defense Innovation to support state defense and aerospace industries. It also revises insurance examination requirements and adjusts the termination date for a specific economic program.
Scope change
The bill expands the scope of state commerce activities by creating a new office focused on defense innovation and modifying how lottery funds are allocated to various state programs.
FISCAL

Establishes a new Office of Defense Innovation within the Arizona Commerce Authority to foster defense, aerospace, and national security industries.

Adjusts the Arizona Competes Fund contribution schedule, increasing the annual deposit from $1.75 million to $3.5 million starting after fiscal year 2028-2029.

TIMELINE

Changes the termination date of a specific program from July 1, 2026, to July 1, 2028.

REQUIREMENT

Updates insurance examination rules to require domestic insurers be examined at least once every five years.

DEFINITION

Clarifies the definition of 'insurer' to include various healthcare and service corporations.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
1
Jun 11, 2026
Upper · Passed
DP
upper
Jun 10, 2026
Upper · Passed
DP
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Dave Farnsworth
Dave Farnsworth
RRepublican
AZ
10