Bill > HB2325

This bill establishes the Arizona Blockchain Budget Initiative Pilot Program within the Department of Administration to explore using blockchain technology for government budget transparency. The program will select up to three state agencies to participate, based on their budget size, technical readiness, and public interest in their expenditures. The department will procure a blockchain platform that can securely publish budget data in real-time, protect confidential information, and be publicly accessible (with necessary redactions). Participating agencies will be required to record budget appropriations, actual expenditures, and update data at least monthly. The initiative is funded with a $1,000,000 appropriation from the state general fund for fiscal year 2025-2026 and includes two key reporting requirements: a preliminary report due by December 31, 2026, and a final comprehensive report due by December 31, 2028. These reports will evaluate the program's effectiveness, analyze costs, and provide recommendations about potentially expanding blockchain technology to other agencies. The pilot program will automatically expire on December 31, 2029, ensuring it is a time-limited experimental initiative designed to assess the potential of blockchain for government financial transparency.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/82096